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CROSSRAIL BUSINESS RATE SUPPLEMENT

(BRS) from April 2010

The Mayor of London has sent to all commercial occupiers within Greater London a booklet with the proposals for a business rate supplement (BRS) from April 2010. This is to finance the Greater London Authority’s (GLA) contribution towards the costs of the Crossrail project.

If you are in a London borough and haven’t received it further information can be fo ... Read More

MY PUBLIC HOUSE

- is the Rateable Value fair?

Roderick Bisset has recently reviewed several pubs in the South East who have contacted us through our dedicated rating website www.businessrates.com and there is a very similar thread connecting them.

If you occupy a pub where the Rateable Value has already been reduced via appeal, this will be effective from 1 April 2005. However, since the 1st o ... Read More

OCCUPIER’S CHECKLIST FOR RATES AND RENT

If you’re not sure whether your new 2010 rateable value is correct, get Bisset Moffatt Hill to advise you. We’ll analyse your rent and property and compare this to the market conditions of April 2008 (this is the valuation date) and thereafter quickly tell you whether to appeal.

If you haven’t yet appealed your current 2005 assessment or there has been some physical change to your p ... Read More

The Politics of the 2010 Revaluation

On the 31st March 2009 the Government announced a rate deferral payment scheme for commercial occupiers in England and Wales. It was designed to answer the complaints made by the British Retail Consortium and in particular Philip Green, on the financial pressures retail businesses are currently facing. The announcement was dramatic and without precedent; symptomatic of a Government fire fightin ... Read More

NNDR FALLS BY 15% IN 2010 from 48.1p to 40.7p

A Revaluation is not a tool to create additional revenue for the Government. Thankfully in this recession the Chancellor cannot undo the good work of the Local Government Finance Act 1988, when the National Uniform Business Rate was conceived. Whatever the total revenue was for Business Rates in 2009/2010, it must remain the same in real terms for next year.

This means that as the Rate ... Read More

Deferment of your business rates

Thank you - Darling?

With unbelievable timing, the Chancellor made a well-publicised press announcement on the 31st March offering businesses the chance to defer their business rates payments This was after all Local Authorities had sent out their rate demands for rate year 2009/2010!

Roderick Bisset our rating expert has looked at the proposed scheme in a little more detail ... Read More