HM Gov consultation - Business rates: delivering more frequent revaluations

ACCA has responded to HM Government's consultation on delivering more frequent revaluations of business rates.


In its response, ACCA urges the Government to reconsider whether delivering more frequent revaluations of business rates would be of benefit to the government and taxpayers in the current uncertain economic climate. 

Instead, ACCA advocates retaining the current system of 5-yearly revaluations carried out by the Valuation Office Agency (VOA) - along with the two-year advance notice period before new revaluations come into effect - with a simplified appeals process.

As a safeguard, a growth trigger for earlier revaluation could be considered, thus providing a safety net for both businesses and local authorities and account for increased or reduced growth.