tax & finance
23 Aug 2021 Tax and Finance

BPF response to more frequent business rate revaluations

What: As part of the Government’s Fundamental Review of Business Rates, Ministers are proposing to move to a 3-yearly cycle of revaluations in England.

Our view: Moving to a 3-yearly cycle is a step forward, but we want Government to go further. We are calling for Ministers to publish a roadmap for delivering annual revaluations and a one year AVD. We welcome proposals to increase transparency but this must include transparency over how individual valuations are determined. We oppose proposals to introduce fees and restrict appeals. In particular, we make clear that we can not accept any restrictions on the right of property owners to appeal in cases where they are not the ratepayer.