New bill to modernise Business Rates system
A new bill introduced today will support businesses by modernising the business rates system to incentivise property improvements.A new bill introduced today (Wednesday 29 March) will support businesses by modernising the business rates system to incentivise property improvements and support more frequent revaluations.The measures being put forward review and reform business rates in England, making them fairer and more responsive to changes in the market.The Non-Domestic Rating Bill will introduce more frequent valuations, to take place every three years instead of the current five, meaning those with falling values will see their bills drop sooner.It will also provide new business...