Source · Select Committees · Housing, Communities and Local Government Committee
Recommendation 30
30
Building on its fundamental review of business rates, the Government should conduct a full review...
Recommendation
Building on its fundamental review of business rates, the Government should conduct a full review of taxes on high street businesses to ensure that they are fair, fit for purpose in a digital era, and generate economic, environmental, and social value. The review should include an analysis by sector and include possible targeted interventions. (Paragraph 132) Landlords and tenants
Government Response
Acknowledged
HM Government
Acknowledged
The Government’s review of business rates has reduced the burden for all high street businesses, delivering reforms which will make the system fairer and more responsive to changing economic conditions. The review has also reaffirmed the importance of business rates for raising revenue for essential local services. As well as business rates reform, the Government is supporting high street businesses with the £3.6bn Towns Fund, which is unleashing the economic success of towns and high streets in England, a levelling up opportunity which will make towns and high streets more attractive, vibrant places to live, work and visit. This includes 101 Town Deals, totalling £2.35bn, which will be used to regenerate towns and deliver long-term economic and productivity growth through investments in urban regeneration, planning and land use, skills, heritage and enterprise infrastructure.