BRIEFING PAPER Number 08595, 1 July 2019 Non-Domestic Rating By Mark Sandford (Lists) Bill 2017-19 Contents: 1. Business rates and revaluations 2. Business rates: policy on revaluations 3. The Bill 4. Progress of the Bill www.parliament.uk/commons-library | intranet.parliament.uk/commons-library |
[email protected] | @commonslibrary 2 Non-Domestic Rating (Lists) Bill 2017-19 Contents Summary 3 1. Business rates and revaluations 4 1.1 Introduction 4 1.2 Business rates: the system 4 1.3 Revaluations 5 1.4 Business rates in Wales 5 1.5 Revaluation in Scotland and Northern Ireland 6 2. Business rates: policy on revaluations 7 2.1 Government policy review 7 2.2 Why revaluation frequency matters 9 2.3 Rateable values and the multiplier 9 2.4 Transitional relief 10 3. The Bill 11 3.1 Revaluation frequency 11 3.2 Transitional schemes 11 3.3 Extent and commencement 12 4. Progress of the Bill 13 4.1 Principle of the Bill 13 4.2 Capacity of the Valuation Office Agency 14 Appeals 15 4.3 Draft rating lists 16 Cover page image copyright: geograph 193316 by Philip Halling, Worcester High Street , the high street in front of the Guildhall 3 Commons Library Briefing, 1 July 2019 Summary The Non-Domestic Rating (Lists) Bill 2017-19 was introduced into the House of Commons on Wednesday 12 June 2019. Second Reading took place on Monday 17 June. Committee Stage, consisting of a single evidence session and a single scrutiny session, took place on Tuesday 25 June. No amendments to the Bill were tabled.