House of Commons Library

Reviewing and reforming business rates

Published Thursday, November 23, 2017

A briefing paper on the introduction of 100% business rate retention and other changes to business rates announced in 2016-17.

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This note covers the introduction of local government retention of all business rate revenue in England (‘100% business rate retention’); the existing system of 50% business rate retention by local government; and adjustments to business rate reliefs made between 2014 and 2016. It also notes some future business rate reliefs that would have been introduced by the Local Government Finance Bill 2016-17. It draws links between these changes and the two ‘business rate reviews’ conducted by the Government between 2013 and 2015.

The paper also notes current debate around business rates appeals; planned changes to the business rate ‘central list’; and proposals for further changes to the rating system.

This note applies to England only. Responsibility for business rates is devolved to Scotland, Wales and Northern Ireland. For a more general explanation of the business rates system in England, see the Library briefing paper Business rates. For more details on the 2017 revaluation of business rates in England, Wales and Scotland, see the Library briefing paper Business rates: the 2017 revaluation.

Commons Briefing papers CBP-7538

Author: Mark Sandford

Topics: Devolution, Local government, Taxation

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