2017 Rating List Consultation Document Issued “Far Too Late”
30th September 2016
The draft 2017 Rating List consultation has been announced. In advance of it coming into force on 1st April 2017, the UK government issued a 2017 Rating List Consultation Document on 28th September outlining its plans to phase in changes in business rates liability for the 2017 revaluation – a move which has caused consternation in some quarters.
David Cureton of Nottingham-based NG Chartered Surveyors, said:
“The draft Rating List figures due to be published on 30th September have been known to the government since the end of June, and in my opinion the Consultation Document has been introduced far too late.
“This is unfair on businesses, as they cannot budget accurately due to no fault of their own”.
“Business rates are, in the main, the third most expensive item for any company, behind salaries and rent.
“It is unlikely that the transitional phasing arrangements will be known before Christmas, and therefore businesses will not be able to budget accurately for their revised rate liabilities with effect from 1st April 2017”.
The draft Rating List figures due to be published on 30th September have been known to the government since the end of June.
“Until there is a decision on the transitional phasing arrangements, the government will not be able to inform rate payers what the national non-domestic multiplier is to be. Therefore, the Department of Local Government and Communities should have had a handle on any proposed transitional phasing arrangements, but much earlier, and the Consultation Document could have been issued in July, with an announcement made in conjunction with the draft List being published on 30th September. Thus, business owners and occupiers would have known 6 months earlier what their projected rate liability would be”.
For advice on the Business Rating List Consultation and how to ratings revaluation for your business contact Dave Cureton.