Alongside the Budget, the Government published a call for evidence on Business Rates and investment. It stated that the aim is to understand how reform of the Business Rates system can be used to incentivise and secure more investment by UK businesses. It particularly seeks views on:
- The role which Business Rates play in investment decisions.
- Reforms which can be undertaken to incentivise investment – including the potential to move from a ‘slab’ to a ‘slice’ based tax structure, re-examining the role of different reliefs including Small Business Rates Relief, Improvement Relief and Empty Property Relief.
Further details of the consultation document can be found here.
We will be discussing the consultation at the Property Community on 7 January – get in touch to receive the invitation.
