The government has launched a consultation into the business rates system, with more frequent revaluations, to happen every three years instead of five, being up for debate. The government states that business rates should better reflect the economic situation, and become more accurate and responsive. However, there has been some cause for concern on some suggestions made so far. Businesses are encouraged to respond to the consultation, as business rates are likely to affect the recovery of businesses post-pandemic
Consultation closes 24 August 2021.