Visitor Levy: Business Rates
The question
To ask the Chancellor of the Exchequer, whether the introduction of the overnight visitors levy will be a (i) material consideration and (ii) national change in circumstances in the valuation of hereditaments for business rates.
Answered by Dan Tomlinson
The government has published a consultation running until 18 February, so that the public, businesses, and local government can shape the design of the power to introduce an overnight visitor levy that will be devolved to local leaders. The precise design and scope of the levy is therefore still under development.
The introduction of the visitor levy will not constitute a material change of circumstances. It may be taken into account when setting property values for future revaluations, however this will depend on the final design which is subject to consultation and subsequent legislation.
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