IRRV Alert - week ending 2nd December 2016

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Consultation outcome: Business rates revaluation 2017

 

 

 
 

Consultation outcome

Business rates revaluation 2017

 

From:

Department for Communities and Local Government

First published:

28 September 2016

Last updated:

23 November 2016, see all updates

Part of:

Local government spending

Applies to:

England

This consultation has concluded

Download the full outcome

Consultation on the transitional arrangements for the 2017 business rates revaluation: summary of responses and government’s response

Ref: ISBN 978-1-4098-4949-0 PDF, 423KB, 8 pages

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Detail of outcome

The government is putting in place exceptional measures to help businesses with the 2017 business rates revaluation through the transitional relief scheme. We are providing the same transitional relief to small and medium businesses as was provided at the previous business rates revaluation in 2010.

The government continues to believe it is important to provide the greatest support to small and medium businesses seeing increases and to also allow those small and medium businesses seeing reductions to gain quickly from the revaluation.

Original consultation

This consultation ran from 28 September 2016 12:00am to
26 October 2016 12:00am

Summary

Seeks views on the proposed transitional arrangements to phase in changes in business rate bill as a result of the 2017 business rates revaluation.

Documents

Consultation on the transitional arrangements for the 2017 business rates revaluation

Ref: ISBN 978-1-4098-4901-8 PDF, 320KB, 12 pages

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Transitional relief: supplementary tables

MS Excel Spreadsheet, 56.2KB

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Consultation description

Many ratepayers will see only a small change in their rates bill at the revaluation. However, some properties will see a more significant change – both increases and reductions. Transitional arrangements are used to phase in these changes.

The transitional arrangements will support ratepayers by allowing them time to adjust to their new rates bills. Those ratepayers facing increases (who will be in sectors and locations where rateable values have increased more than the average) will see their bill capped each year at a set percentage increase due to the revaluation. Those businesses will be able to plan for their rates future bills.

As with the 2010 transitional arrangements, the caps on increases and reductions will be calculated before the large property and London supplements. Changes in business rate bills for reasons unconnected to the revaluation (such as changes to the property or other reliefs) are also outside of the transitional arrangements.


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