Laura Sharman 19 February 2021

Review of business rates delayed until autumn

Review of business rates delayed until autumn image

The final report on the review of business rates will be pushed back until autumn, the Government has confirmed today.

The Government said the report would be delayed until there was greater ‘economic certainty’ and more clarity on the long-term state of public finances.

The chancellor is expected to extend the business rates holiday for the retail, leisure and hospitality sectors for another year in next month’s Budget. It has also been reported he will extend the furlough scheme and the £20 uplift to Universal Credit.

John Webber, head of business rates at Colliers. said: 'It’s all very well for the Chancellor to say he is postponing the report to the autumn to allow him to make decisions when the economic uncertainty caused by the coronavirus pandemic has receded. But that really is shutting the stable door when the horse has bolted.

'High business rates is one of the key factors that has helped decimate our high streets and the current system is skewed against the retail and hospitality sectors. We urgently need to re-balance this 50% tax by re-basing the multiplier to 30p in the £1- for a start- and we need more frequent revaluations so that we don’t see rates tied to totally out of sync rental values.'

An interim report will be published on 23 March.

SIGN UP
For your free daily news bulletin
Highways jobs

Payroll Administrator

Northumberland County Council
£20,444 - £22,129
Northumberland County Council operates a huge range of services across one of the largest counties in the UK. Northumberland
Recuriter: Northumberland County Council

Specialist Advisory Teacher - Developmental Language Disorder

Cumbria County Council
Teachers Pay and Conditions
An exciting opportunity has arisen for a new colleague, who is a qualified teacher, with expertise and experience of developmental language delay. Penrith, Cumbria
Recuriter: Cumbria County Council

ASYE Occupational Therapist - Long Term Intervention Team Kendal

Cumbria County Council
£28,226 – £29,174
We are looking for newly qualified Occupational Therapy professionals, who are passionate about their vocation and would like to join our team. Cumbria
Recuriter: Cumbria County Council

Social Worker - Long Term Intervention Team

Cumbria County Council
£31,895 – £32,798
Following an exciting and ambitious programme of change within Adult Social Care. Cumbria
Recuriter: Cumbria County Council

Strategic Communications Executive

Lancashire County Council
£30,095-£34,373
Do you believe in the power of communications to bring about change? Preston, Lancashire
Recuriter: Lancashire County Council

Partner Content

Circular highways is a necessity not an aspiration – and it’s within our grasp

Shell is helping power the journey towards a circular paving industry with Shell Bitumen LT R, a new product for roads that uses plastics destined for landfill as part of the additives to make the bitumen.

Support from Effective Energy Group for Local Authorities to Deliver £430m Sustainable Warmth Funded Energy Efficiency Projects

Effective Energy Group is now offering its support to the 40 Local Authorities who have received a share of the £430m to deliver their projects on the ground by surveying properties and installing measures.

Pay.UK – the next step in Bacs’ evolution

Dougie Belmore explains how one of the main interfaces between you and Bacs is about to change.