The CIOT has responded to the Treasury’s Fundamental review of business rates, suggesting that greater consistency and transparency around the criteria for business rates reliefs and the processes for claiming them would help to ensure reliefs are targeted more effectively. Consistency of application of the criteria for reliefs would also appear to be a prerequisite for the government’s long-term commitment to any centralised form of digitalisation.
The CIOT questions whether awareness of reliefs is sufficiently high among small businesses which, it finds, tend to simply accept the rateable value assessment.
The CIOT has responded to the Treasury’s Fundamental review of business rates, suggesting that greater consistency and transparency around the criteria for business rates reliefs and the processes for claiming them would help to ensure reliefs are targeted more effectively. Consistency of application of the criteria for reliefs would also appear to be a prerequisite for the government’s long-term commitment to any centralised form of digitalisation.
The CIOT questions whether awareness of reliefs is sufficiently high among small businesses which, it finds, tend to simply accept the rateable value assessment.
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