Non-domestic Rates

HM Treasury written question – answered on 15th September 2017.

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Photo of Bill Esterson Bill Esterson Shadow Minister (Business, Energy and Industrial Strategy), Shadow Minister (International Trade)

To ask Mr Chancellor of the Exchequer, when he plans to announce the results of the Government's review into business rates.

Photo of Mel Stride Mel Stride Financial Secretary to the Treasury and Paymaster General

The Government concluded a fundamental review of business rates at Budget 2016 with a package of reductions worth almost £9bn over the next five years. As a next step the Government aims to revalue properties more frequently and to look more broadly at the way in which we address the perceived unfairness that companies that operate in bricks and mortar are effectively treated differently from companies that do not. The Government will provide an update in due course.

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