100 per cent retention of business rates: issues for consideration Contents

List of issues for consideration

Our evidence review has revealed that 100 per cent retention of business rates gives rise to some specific issues and pitfalls to be avoided in designing and setting up the reformed system. The supporting evidence is set out in chapters two to eight at the pages indicated below.

We hope the Government will take our findings on board and use the consultation as an opportunity to explore them further with the sector, as well as examining them in detail in their own right. However, where a particularly pressing issue has emerged from the evidence, we have made a specific recommendation (in bold).

Appeals

Ending Revenue Support Grant

Business rate revenue versus need

Divergence in revenue

Needs assessment

Top ups and tariffs

Regional redistribution

The share of business rates in two-tier authorities

Risk and volatility

Resets

Revaluations

Limits to growth

Generating growth

The tax base

Small Business Rate Relief and the move to the Consumer Price Index

Other issues

The infrastructure premium

The role of Local Enterprise Partnerships

The requirement for a directly elected mayor

Business Improvement Districts and the Business Rate Supplement

Abolition of the Uniform Business Rate

Additional responsibilities

The business rate retention pilots





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9 June 2016