The BRC has today (30 October) submitted its response to tranche 2 of the fundamental review of business rates.

The response calls for:

  • Continuing but more targeted support for retailers in 2021/22 by 50% relief on business rates
  • A reduction in the multiplier from 51p to 35p
  • Making valuations more closely linked to actual market conditions through:
    • More frequent revaluations
    • Better use of real time rent data supplied by ratepayers
    • Better access to other data supplied to Government 
  • Making the appeal system faster and better resourced

The full response can be downloaded below.