By Adam Branson2018-04-26T23:00:00
Source: Shutterstock/Valeri Potapova
Three industry experts outline their action points for the man tasked with improving the business rates regime.
The former chief executive of the Valuation Office Agency and his independent team are tasked with reviewing the “processes and procedures” that underpin the department’s governance of the system.
The government is hoping the review will help it prepare for a planned increase in the share of business rates revenue that local councils retain from 50% to 75% by 2020.
However, the launch of yet another review has been greeted with scepticism by many experts in the field. Property Week asked three of them to write open letters to Hudson expressing their hopes for the review and their frustrations with government action to date.
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