STORY
The Treasury has launched an independent review of the way pubs and hotels are valued for business rates following concerns from businesses about sharp increases in rateable values.
Business rates specialist Jerry Schurder will lead the review, which will examine whether the existing valuation methodology remains appropriate and how the system could be made clearer and fairer. Publicans, brewers, hotel operators and other interested groups have been invited to submit evidence before the consultation closes on 16 October.
The review will report by the end of March 2027, although any accepted changes would not affect current business rates bills and would instead be introduced at the next revaluation. The Government has said pubs, social clubs and live music venues will separately receive a 20% reduction in business rates bills from April 2027.