Spring Statement 2018 announces the next revaluation, currently due in 2022, will be brought forward to 2021.
This will mean businesses can benefit from the change to three-year revaluations earlier, with the first taking place in 2024.
5) Changes to tax system
The government revealed plans to change the tax system to give a “fair result for digital businesses.”
The government is seeking views on what more it can do to:
• support people and businesses who use digital payments.
• ensure that those who need to are able to pay with cash.
• prevent the use of cash to evade tax and launder money,
The government is also seeking views on extending the current tax relief to support self-employed people and employees when they fund their own training.