Spring Statement announces that the government is bringing forward the next property revaluation for business rates by one year to 2021. This follows the Autumn Budget 2017 move to increase the frequency of property revaluations from every 5 to every 3 years; and that this will continue to be carried out by the Valuation Office Agency (VOA). The government has decided not to introduce self-assessment at this stage.

In 2016 the government published a discussion paper on delivering more frequent revaluations. This document provides a summary of responses.