The planned localisation of business rates has its challenges over the medium term.
But the timing of what the Government might do in terms of business rate revaluations is having a cash flow impact for some councils. This is because of the timing of the Budget at the time when bills are usually being raised - given this is the last Spring Budget, this timing clash should not play out in future years....
Councils fear they could lose out on vital business rates income because they have been forced to put billing on hold due to uncertainty over this week’s Budget.Billing authorities are under pressure to send out business rate bills in time to collect the first instalments at the start of April. However it has emerged some have put their billing process “on pause” or are “taking it up to the wire” because of possible changes to come out of the chancellor’s Budget on Wednesday.