Member

13B: After Clause 4, insert the following new Clause— “Review: threshold effect (1) The Secretary of State must undertake a review of how the provisions in this Act may affect businesses whose rateable value is close to £500,000. (2) The review must consider the merits of a separate Use Class and associated multiplier for retail services provided by fulfilment warehouses that do not have a material presence on local high streets, to apply in England. (3) Experts in the sector must be consulted to inform the review, including but not limited to— (a) the Royal Institute of Chartered Surveyors; (b) the Institute of Revenues, Rating and Valuation; (c) the Rating Surveyors’ Association. (4) The Secretary of State must lay the review under subsection (1) before Parliament within six months of the day on which this Act is passed.””