Rates reform consultation receives massive response

Fri, 22 May 2015

The recent public consultation on rates reform garnered one of the largest responses on any subject issued by government in recent memory.

Just shy of 1,500 people replied to the questionnaire, 84% of which did so online.

The majority supported revaluation of domestic properties and moving that specific tax from rental, to capital value.

Respondents would like to see the introduction of properties being placed within one of nine property tax bands with a desire to see complete reform of commercial and agricultural ratings, ensuring it was fair to all.

Treasury will now consider all views expressed, before figuring out how best to implement the suggestions.