Government publishes call for evidence over business rates reform, trade bodies want holiday period extension
Article Date: 2020-07-22
The government has published a call for evidence for a fundamental review of business rates.
The government is seeking views on the current business rates system, issues that need to be addressed, ideas for change, and alternative taxes.
The government has also confirmed the next revaluation of non-domestic property in England, scheduled for 1 April 2021, will now take effect on 1 April 2023.
The government also said it recognised the need to reform the duty system to support the pub sector in the long term and would publish a call for evidence before the end of September.
UKHospitality said it was a “welcome first step on the road to business rates reform” but, along with the British Institute of Innkeeping, called for the business rates holiday to be extended by another 12 months.
UKHospitality chief executive Kate Nicholls said: “Kicking back the revaluation by a further year will give businesses some much-needed breathing room and stability.
Pushing back should also provide time for reforms to be introduced and a more accurate reflection of property values following this crisis, which has clearly had an enormous impact on trade.
However, with rateable values staying high for longer, the need for an extension of the business rates holiday is more acute.
The holiday has been a hugely valuable lifeline for hospitality businesses and we need the government to extend it for another year to give the sector the extra degree of flexibility it needs to get back on its feet."
To take part in the call for evidence, click here.