Business Rates and Investment: Call for Evidence
Read the full outcome
Detail of outcome
The Business Rates and Investment Call for Evidence sought views on the role of business rates in investment decisions and options to address barriers to investment. This document summarises stakeholder views on the tax structure, Small Business Rates Relief, Improvement Relief and Empty Property Relief. It also summarises views on the receipts and expenditure valuation methodology, pre-list discussions and transparency, and sets out the government’s response and next steps for business rates reform.
Original call for evidence
Call for evidence description
Transforming the business rates system is a multi-year process. Following the Transforming Business Rates Interim Report, the government committed to explore how moving to a marginal tax rate, where successive bands are taxed at increasing rates, may be beneficial for investment. This Call for Evidence seeks stakeholder input on these elements of the system, as well as the overall role business rates plays in investment. In addition, a number of ratepayers with large capital expenditure have raised concerns the impact the receipts and expenditure (R&E) methodology has on investment decisions. The Call for Evidence seeks stakeholder input on these and options to address them.