The Act forms part of our work to reform non-domestic rates (business rates) and Council Tax.
Contents
Summary
In respect of the non-domestic rates system, the Act will:
- increase how often the values of all properties are updated to every 3 years
- provide more flexibility to make changes to reliefs and exemptions
- enable changes to the calculation of payments for different categories of ratepayers
- close known ‘loopholes’ and increase the ability to tackle future avoidance behaviour
- enable improvements to information provided by ratepayers
And in respect of the Council Tax system, the Act will:
- provide more flexibility for the organisation and labelling of bands
- provide more flexibility to make changes to discounts
- introduce updates to the values of all properties every 5 years