Martin Ford 10 May 2022

Queen's Speech: Business rates set for overhaul

Queens Speech: Business rates set for overhaul image
Image: cktravels.com / Shutterstock.com

The Government has committed to an overhaul of business rates in the Queen’s Speech.

Although absent from the speech itself, it has been confirmed a ‘Non-Domestic Rating Bill’ will form part of the agenda during the next Parliamentary session.

The Bill, which will apply to England and Wales, commits to a move to shorten the revaluation cycle from five years to three from next year.

This will be accompanied by new duties on ratepayers and ‘measures to support compliance’ in a bid to improve valuation accuracy and timeliness.

The Government will also provide relief on rates for a year where increases to rateable value occur as a result of improvements made to a property in a move aimed at boosting investment in properties, and a new 100% relief for low-carbon heat networks.

The Valuation Office Agency will receive new powers to provide ratepayers with information on the calculation of their rateable value

There will also be a ‘tightening’ of appeals against rates based on changing circumstances, with the Government relying on the £1.5bn provided in the pandemic support fund to ‘future-proof business rates against further shocks’.

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