CBI response to the structural review of business rates

The CBI welcomed this opportunity to respond to the structural review of business rates on behalf of members.

The CBI’s recommendations for business rates reform, in the short term, include:

• More frequent revaluations with a shorter implementation lag.
• Switching the indexation of business rates from RPI to CPI.
• Removing businesses with a rateable value below £12,000 from business rates.
• Removing downward transitional relief to give immediate tax relief in depressed regions where property values have been in decline.
• Re-examining over £3 billion per annum of expenditure on business rates reliefs and exemptions in light of current policy priorities.
• Modernising the billing and collection of business rates.