24th August 2022
In the Final Report of the Business Rates Review, published at the Autumn Budget 2021, the government committed to modernise and digitalise the business rates system through the digitalising business rates (DBR) project. This will involve:
matching business rates data with central HMRC tax data; and
displaying business rates information alongside other tax information in a standardised way.
This may produce an initial burden on those ratepayers or their agents as they will need to provide the government with information to help the two systems (business rates and tax) become joined up.
HMRC has published a consultation document seeking views on potential design options for DBR and setting out how it might operate in practice. The government has confirmed it will deliver DBR no earlier than 2024, with an estimated roadmap date of 2026 to 2027 onwards.
Source: The future of business rates online – what you need to know | ICAEW