Asked by: John Stevenson (Conservative - Carlisle)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, when the level of business rates will next be reassessed; and if he will make a statement.
Answered by David Gauke
The next general revaluation for business rates in England will take effect from 1 April 2017 based on rental values at 1 April 2015.
Asked by: John Stevenson (Conservative - Carlisle)
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, if he will make an estimate of the amount of inheritance tax that has been avoided by the use of Deed of Variations in the tax year (a) 2013-14 and (b) 2014-15.
Answered by David Gauke
The information requested is not available.
In the March 2015 Budget the Government announced that it would undertake a review of how deeds of variation are used for tax purposes. The findings from this review will be reported in the Autumn.