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Reform of Business Rates

Submitted on Tuesday 10th September 2013

Published on Tuesday 1st October 2013

Current status: Closed

Closed: Wednesday 1st January 2014

Signatures: 920

Tagged with

British ~ Ministers ~ month ~ Tax

Petition Action

Reform of Business Rates

Additional Information

The British high street is a worldrenowned institution. We can’t just sit back and watch it wither away. This means ministers have to make business rates a fairer tax that doesn’t disproportionately burden smaller businesses and retail. Property values must be realigned and the business rates system needs reforming. At the moment it’s not fit for purpose.

The Grimsey Review are, therefore, calling on the government to:-

1)Reintroduce immediately the 2015 business rates
revaluation to realign property values and freeze
business rates from 2014.
2)Once revaluations have taken place any future
increases should be an annualised CPI rate rather
than a one-month snapshot.
3)From 2017 revaluations must be conducted annually.
4)Undertake a route and branch review to establish a flexible system that will reflect changes in economic conditions as they occur.


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