Queen’s Speech: BPF responds to business rates provisions within Enterprise Bill
The British Property Federation (BPF) has commented on provisions for changing the business rates appeals system within the Enterprise Bill announced in today’s Queen’s Speech.
The Bill seeks to legislate to:
• Improve the business rates system ahead of the 2017 revaluation, including by modernising the appeals system.
• Introduce business rates appeals reform, including modifying the Valuation Tribunal powers to consider ratepayer appeals.
• Allow for the Valuation Office Agency to share information with local government to improve the system for both local government and ratepayers.
Melanie Leech, chief executive of the British Property Federation, commented: “The current business rates system is out-of-touch badly needs reform if we are to create an environment in which businesses can flourish and are able to invest in our towns and cities.
“While it is good to see that the appeals system will be scrutinised, this should not be seen as a substitute for fundamental reform that makes business rates more responsive to the wider economy. A fairer, more flexible system will in itself reduce appeals as bills return to a level that businesses across the country are able to pay.”