Non-Domestic Rating (Lists) (No. 2) Bill

Robbie Moore Excerpts

2nd reading & 2nd reading: House of Commons & Programme motion & Programme motion: House of Commons & Ways and Means resolution & Ways and Means resolution: House of Commons
Wednesday 30th September 2020 Commons Chamber

[Robbie Moore (Keighley) (Con)]

I too refer the House to my entry in the Register of Members’ Financial Interests.

Business rates have been discussed very many times in this Chamber, and I am sure that many of us have had multiple conversations with many businesses across our constituencies. The debate around business rates—how they should be implemented, whether we should have a complete revamp and overhaul of them, or even whether they should be adopted at all—has been going on for a significant period. Business rates impact many, many businesses, both large and small, across my constituency of Keighley and Ilkley and throughout the country. I mentioned the impact on small businesses because, as we all know, business rates relate to the size of the property that the business occupies rather than its turnover, or any other fiscal measurable that relates to the financial performance of that business.

Under the current system, the valuation office should regularly review rateable values to ensure that they are broadly in line with prices paid in the rental market by the businesses that pay business rates, to provide more certainty over bills, but I must say, having had some knowledge as a chartered surveyor over the past 12 years, that the review process can be slow, bulky and inefficient in its delivery. I very much welcome the fact that, since the last revaluation delay, the Royal Institute of Chartered Surveyors has consistently called for measures that offer improved certainty, consistency and stability to the UK property market. Instead of continuing to tweak the rating system and introducing impromptu delays, we need to start thinking about much more of a full reform and a complete overhaul of the system, to provide consistency through a fairer property taxation system, which works better for businesses and is targeted at offering, and able to facilitate, extended business planning. Of course, it must work for our friends over at the Treasury.

I am pleased that this Conservative Government moved incredibly swiftly and presented the Non-Domestic Rating (Lists) (No. 2) Bill to Parliament earlier this year, and I welcome the immediate support to business owners provided through that relief. Across Bradford district, about 5,000 premises will benefit from that rate relief, and of course many of them are based in Keighley and Ilkley. That is a pure demonstration that our Government are on the side of hard-working businesses right across the country. I thank my hon. Friend the Minister and other colleagues in Government for moving swiftly.

Although I support this Bill and the relief that it provides for many businesses, I would like to see a revolutionary approach to the business rates structure that revamps and overhauls business rates so that we have a nimbler and fairer system. I do not want the business rates structure to be removed altogether, but it must adapt much more to the property and business market, which continues to change drastically.