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1 Jul 2021

HM Treasury has launched a consultation on delivering more frequent business rate revaluations in England

1 Jul 2021

The European Parliament and Council have reached a provisional agreementto exclude e-bikes from insurance obligations. It is part of complete set of rules to better protect road accident...

1 Jul 2021

The web and mobile platform, Hubtiger, is offering an exclusive webinar to ACT members to demonstrate how cycle shops can manage all workshop operations in just one app.

30 Jun 2021

Join UK Power Network on 7th July 2021, 14.00-15.00 to hear key findingsfrom the White Van Plan project and how they could collaborate to support SMEs and drive towards a Net Zero future.

30 Jun 2021

With the recent extension to the Strong Customer Authentication (SCA) enforcement date to 14th March 2022, this webinar is aimed at eMerchantsto help them understand the industry approach to...

17 Jun 2021

Join the Secretary of State for the Department for BEIS, Rt Hon Kwasi Kwarteng MP, for the next in a seriesof live panel discussions on 23rd June at 10:30 AM

16 Jun 2021

The Bank of England have released details about the new polymer £50 note featuring the mathematician Alan Turing.

16 Jun 2021

Multi-factor authentication (MFA) is an extra layer of protection for your account login credentials and business data.

15 Jun 2021

Rishi Sunak has rejected business demands for an extension of the furlough scheme and business rates relief, despite a four-week delay in the easing of Covid-19 restrictions now set for 19...

12 Jun 2021

Hubtiger, the software developed for bike shops has launched its latest feature to help increase income of the bike shops.

Business Rates consultation launched

Posted on in Business News , Cycles News , Political News

HHouses of Parliament, budget 2020M Treasury has launched a consultation on delivering more frequent business rate revaluations in England. The consultation proposes a framework for moving towards three-yearly revaluations from five-yearly and simplifying the appeals system.

The consultation proposes two new requirements on retailers:

  • A Duty to Notify the Valuation Office Agency (VOA) about property changes that affect business rates liabilities - for example, structural alterations, extensions or conversions. This would be done as changes are completed and via an Annual Confirmation Return.
  • The mandatory provision of rental and lease information - for example rent amounts and what it includes, agreed incentives, responsibilities and rent reviews. To be provided after events where these might change (e.g. signing a new lease).

The consultation also suggests the following changes to the appeals system:

  • Streamlining appeals by removing the ‘Check' stage from the Check, Challenge, Appeal (CCA) process - the function of Check would effectively be replaced by the new Duty to Notify.
  • Introducing a three-month deadline to submit Challenges and a new fee - to ensure most appeals can be dealt with during the lifetime of a three-year list.
  • Reviewing provisions around Material Change of Circumstances (MCCs) appeals - when MCC should apply.

This consultation has been announced while government work on the fundamental review of business rates is ongoing. The outcome of this consultation, and the wider business rates review, is expected in the Autumn.

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