This site is in beta mode while we add the remaining policies. To feedback or help, please get in touch!
Explore self-assessments in the business rates valuation process

We will make sure that revaluations are conducted more frequently to avoid large changes to the bills that businesses face, and explore the introduction of self-assessments in the valuation process.

Our Verdict

Business rates are revalued by the Valuation Office Agency (VOA). The change to self-assessment was proposed to help the government increase the frequency of business rate revaluation and remove the burden of the revaluation process from the VOA. Self-assessment is used in other areas of tax, for example income tax and inheritance tax.

So what progress has been made? In March 2018, the government released a summary of responses to its review of business rates revaluation. It concluded:

“The government has decided not to introduce self-assessment or a formula model at this time.”

We have to bear in mind that the government pledged only to “explore” the introduction of self-assessments. That means that, given there is evidence they have considered this approach (even though deciding not to go ahead), they have fulfilled their promise. The policy can be therefore be considered ‘done’.

More reading

Related policy

There's always room for debate

We’re serious about providing clear, up-to-date, non-partisan information. We focus on being consistent and fair in how we track policies, and always explain our reasoning. But there is always room for debate. So if you see it differently, we’d love you to tell us why or submit an edit.

Get involved!

Whether you are for or against this policy or just want to know more, it's never been easier to get involved and have your say. Try these for starters…

Join the discussion On this page, or Twitter, or Facebook. Democracy is better shared!
Follow this policy We'll send you email alerts every time something interesting happens.
Ask your MP Ask your MP to help you support or block this policy - write to them here.
Get the facts Sense about Science and Full Fact are great for evidence and fact checking.
Get ahead! The Simple Politics newsletter breaks it all down for you - before it happens!