Non-domestic Rates

Treasury written question – answered on 19th July 2018.

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Photo of Lord Allen of Kensington Lord Allen of Kensington Labour

To ask Her Majesty's Government what plans they have to review the business rates system; and when they expect to make any resulting changes to the system of business rates in England.

Photo of Lord Bates Lord Bates The Minister of State, Department for International Development

The government concluded a fundamental review of business rates at Budget 2016 and decided that business rates should remain as a property tax. Respondents to the review agreed that property based taxes were easy to collect, difficult to avoid, relatively stable compared to other taxes and had a clear link with local authority spending. They also raise revenue in a way that is less distortionary than some other taxes. There was no consensus on an alternative tax base. Following the review, the government introduced reforms and reductions worth over £10bn by 2023 to cut the burden of business rates.

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