division_name: Levelling-up and Regeneration Bill &#8212; New Clause 46 - Review into business rates system
motion: <p class="indent" pid="e395.1/1" pwmotiontext="yes">(1) The Chancellor of the Exchequer must undertake a review of the business rates system.</p>
  
  <p class="indent" pid="e395.1/2" pwmotiontext="yes">(2) The review must consider the extent to which the business rates system&#8212;</p>
  
  <p class="indent" pid="e395.1/3" pwmotiontext="yes">(a) is achieving its objectives,</p>
  
  <p class="indent" pid="e395.1/4" pwmotiontext="yes">(b) is conducive to the achievement of the levelling-up and regeneration objectives of this Act.</p>
  
  <p class="indent" pid="e395.1/5" pwmotiontext="yes">(3) The review must consider whether alternatives of local business taxation would be more likely to achieve the objectives in subsections (2)(a) and (b).</p>
  
  <p class="indent" pid="e395.1/6" pwmotiontext="yes">(4) The review must in particular consider the effects of business rates and alternative local business taxation systems on&#8212;</p>
  
  <p class="indent" pid="e395.1/7" pwmotiontext="yes">(a) high streets, and</p>
  
  <p class="indent" pid="e395.1/8" pwmotiontext="yes">(b) rural areas.</p>
  
  <p class="indent" pid="e395.1/9" pwmotiontext="yes">(5) The review must consider the merits of devolving more control over local business taxation to local authorities.</p>
  
  <p class="indent" pid="e395.1/10" pwmotiontext="yes">(6) The Chancellor of the Exchequer must lay a report of the review before Parliament before the end of the period of one year beginning with the day on which this Act is passed.&#8212;(Tim Farron.)</p>