Jesse Norman the Financial Secretary to the Treasury has announced that the next revaluation of non-domestic property in England will now take effect from 1^st April 2023.  It will based on an Antecedent Valuation Date i.e. property values as at 1^st April 2021.

HM Treasury has opened a consultation on business rates and is seeking views on ‘how the business rates system currently works, issues to be addressed, ideas for change and a number of alternative taxes’.  The consultation follows the government’s commitment to conduct a fundamental review of business rates at the Spring Budget 2020.  It will consist of two phases:  the first phase welcomes views on the multiplier and relief sections and closes on 18^th September 2020, and the second welcomes views on all other sections and closes on 31^st October 2020.

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For further information contact:

Howard Elliott
Baker Davidson Thomas
E-mail:  howard.elliott@bdt.uk.com
Telephone:  01256 840 777