Jonathan Werran 16 March 2015

Business rates to be radically reformed

A 'radical' review of business rates is to be conducted by the Government in order to create a 'fair and efficient' system.

The commission will examine the structure of the current system and consider ways of modernising the charge to reflect changes in the value of property since it was set up in 1990.

Questions of fairness and sustainability and the use of the mechanism to improve local authority incentives for boosting local economic growth will also be raised in the consultation, which will be published on the Treasury's website later today.

Chief secretary to the Treasury, Danny Alexander, said: 'Our system of business rates was created nearly 30 years ago.

'Since that time, the worlds of commerce and industry have changed beyond recognition.'

The review of the current system - which in 2013/14 raised £20.5bn revenues from non-domestic properties to pay for local services - will report back by Budget 2016.

SIGN UP
For your free daily news bulletin
Highways jobs

Head of Democratic Services, Elections & Monitoring Officer

Harborough District Council
Grade 12 £67,236 – £71,223 plus £3000pa Statutory Officer Allowance
We are looking for an accomplished and proactive leader for our vacant post of Head of Democratic Services & Elections Market Harborough, Leicestershire
Recuriter: Harborough District Council

Social Worker - Family Support and Safeguarding - Bicester Banbury

Oxfordshire County Council
£37035 - £47754
You will manage a caseload tailored to your experience, ensuring that children’s and their families’ voices are heard, and their needs are met. You will work with families using the FSP Workbook modules, and a strengths-based approach, ensuring the As Bicester
Recuriter: Oxfordshire County Council

Executive Director of Resources & Governance (S151 Officer)

Basildon Borough Council
Up to £146,245
Together, we lead. Together, we deliver. Together, we transform. Basildon, Essex
Recuriter: Basildon Borough Council

Executive Director of Homes, Communities & Environment

Basildon Borough Council
Up to £146,245
Together, we lead. Together, we deliver. Together, we transform. Basildon, Essex
Recuriter: Basildon Borough Council

Executive Director of Strategy, People & Transformation

Basildon Borough Council
Up to £146,245
Together, we lead. Together, we deliver. Together, we transform. Basildon, Essex
Recuriter: Basildon Borough Council
Linkedin Banner