Government response to Treasury Committee business rates inquiry
Recommendations of Parliamentary inquiry into the impact of business rates on business considered by government
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The government welcomes the Treasury Committee inquiry into the impact of business rates on business (HC 222) and the report published on 31 October 2019.
The committee has made wide ranging recommendations on various aspects of the business rates system. The government has considered the committee’s findings and recommendations carefully in formulating its response. In summary, this response sets out the recent trends in the business rates multiplier and total rates revenue, and the government’s position on reliefs, valuations and the administration of the business rates system. In this response the government commits to carrying out a fundamental review of business rates, producing a guide to business rates reliefs in England, and taking the committee’s recommendations into account when designing the next transitional relief scheme.
The fundamental review of the business rates system will consider in detail many of the issues raised by the committee and identify options to address those concerns. Further details on the fundamental review will be announced in due course.