Economic measures
Section 29 postpones the next non-domestic rating revaluation in England from 2015 to 2017, providing business with increased certainty over their business rates and allowing them to focus on delivering growth.
Section 30 amends the Local Government Finance Act 1988 by inserting a new section 54A which allows the Welsh Ministers to make an order postponing the date on which the new non-domestic rating lists in Wales should be compiled from 1 April 2015 to 1 April in 2016, 2017, 2018, 2019 or 2020 and ensures that new lists must then be compiled every five years thereafter.
Section 31 creates a new employment status of employee shareholder in order to increase the range of employment options companies may use as they grow and adapt their workforce.
