Government announces draft UBR and Transitional Arrangements for England
The Government has issued a consultation on the transitional arrangements for the 2017 business rates revaluation. Representations should be made by the 26th October 2016 to the DCLG.
The highlights from the document are:
- The current UBR poundage is forecast to drop in 2017/18 to 48.0p in the £ down from 49.7p in 2016/17
- From 2018/19 annual uplifts will be based on RPI
- “Global” rateable value for England for the 2017 List increases by