Member

The measures in the Bill will affect the level of business rates income in different areas, as different geographies will have different concentrations of qualifying RHL businesses or businesses with a rateable value of £500,000 and above. However, the Government are committed to ensuring, as far as practicably possible, that local government income is unaffected by business rates tax policy changes. Beyond this Bill, the Government are making good on the promise to reform the local government funding system. To help deliver this, and as intended since 2013, business rates growth will be subject to redistribution across the country through a business rates reset in 2026-27.