5 February 2021
FEB
5
2021
The Non Domestic Rating (Lists) (No.2) Bill had its committee stage, the first chance for line-by-line scrutiny, in the Lords on Thursday 4 January.
Members discussed a range of topics, including the need for government to work closely with the Valuation Office Agency and local authorities, appeal waiting lists and impact of the timing of the rates revaluation on businesses.
The committee stage of this bill took place in Grand Committee, away from the chamber. In Grand Committee, any member can take part and decisions on amendments (changes) can be made but no votes can take place.
Report stage, a chance to closely scrutinise elements of the bill and make changes, is yet to be scheduled.
The Non Domestic Rating (Lists) (No.2) Bill had its second reading, the key debate on the draft law's purpose and principles, on Monday 18 January.
Lords News: Lords debates non-domestic ratings bills
This bill aims to implement commitments made by the Government on 21 July 2020 to ensure the next business rates revaluation takes effect from 1 April 2023.
This replaces previous legislation seeking to bring revaluation forward to April 2021, which was not progressed due to the COVID-19 pandemic.
The new revaluation will be based on property values as of 1 April 2021 so that it better reflects the impact of COVID-19.
The Bill also moves the latest date by which draft rateable values must be published, from 30 September to 31 December preceding the new list coming into force, in both England and Wales.
Copyright © 2025 · All Rights Reserved · Institute of Revenues Rating and Valuation
Warning: Undefined array key "User_id" in /home/irrvnet/public_html/forumalert/inc_footer.php on line 4