The Government has announced it will publish the final business rates review in Autumn 2021.
The Government attributed the delay to the ongoing COVID-19 pandemic and will publish the report when there is more clarity on public finances and the economy.
The fundamental review of business rates was announced in last year’s Budget and was followed by a call for evidence in July 2020 on key issues, which include reforming the rates multiplier and finding other alternative ways of taxing non-residential property.
An interim report, which includes a summary of responses to the call for evidence, will be published on 23 March, alongside a range of other documents and consultations that would traditionally be published at a Budget.
In March last year, Sunak announced a business rates holiday for eligible properties in the retail, hospitality, and leisure sectors, worth over £10 billion to ratepayers.
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