Business Ratepayers Consultation The effect on our community Rod Urquhart – 31 st January 2011

Changes in 2010 New Rating List from 1 April 2010 New Rating List from 1 April 2010 Small Business Rate Relief Scheme changed. Small Business Rate Relief Scheme changed. Transitional Schemes Transitional Schemes New Multipliers New Multipliers Empty Rate threshold at £18,000 Rv for 2010/11 Empty Rate threshold at £18,000 Rv for 2010/11

Small Business Rates Relief Current take up rate is % Current take up rate is % Must be ratepayers only business within England (or other business premises must have RV of less than £2,600 not totalling £18,000 or more) Must be ratepayers only business within England (or other business premises must have RV of less than £2,600 not totalling £18,000 or more) Eligible properties with an RV of £6,000 or below will get an automatic 100% relief from Oct 2010 to Sept After this date relief reverts to a maximum of 50%. Eligible properties with an RV of £6,000 or below will get an automatic 100% relief from Oct 2010 to Sept After this date relief reverts to a maximum of 50%. Eligible properties with an RV greater than £6,000 but less than £12,000 will receive relief on a sliding scale with each extra £120 of RV over the £6,000 threshold equating to 1% less relief Eligible properties with an RV greater than £6,000 but less than £12,000 will receive relief on a sliding scale with each extra £120 of RV over the £6,000 threshold equating to 1% less relief Eligible properties with an RV between £12,000 and £18,000 will pay their RV x lower multiplier (0.07p in the pound lower) Eligible properties with an RV between £12,000 and £18,000 will pay their RV x lower multiplier (0.07p in the pound lower)

Empty Properties Properties < £18000 RV are exempt in 2010/11 Properties < £18000 RV are exempt in 2010/11 De-minimus level of £2600 from De-minimus level of £2600 from Exemptions still in place (Liquidation, Dec’d, Bankruptcy, Prohibited by Law etc) Exemptions still in place (Liquidation, Dec’d, Bankruptcy, Prohibited by Law etc) Offices > £2600 RV liable for 100% charge after 3 months Offices > £2600 RV liable for 100% charge after 3 months Factories / Warehouses > £2600 RV liable for 100% charge after 6 months. Factories / Warehouses > £2600 RV liable for 100% charge after 6 months.

Multipliers & Transition for 2011/12 Properties with a Rateable Value > £18000 = 43.3p Properties with a Rateable Value > £18000 = 43.3p Small Business Rate Multiplier 42.6p Small Business Rate Multiplier 42.6p Transitional Relief is being reduced by 17.5% for Properties whose Rateable Value > & by 7.5% for Properties & by 7.5% for Properties < Rateable Value Transitional Premium is being reduced by 6.7% for Properties whose Rateable Value > & by 30% for Properties & by 30% for Properties < Rateable Value

Other reliefs Mandatory (Charitable) Relief Mandatory (Charitable) Relief Mandatory Rural Settlement Relief Mandatory Rural Settlement Relief Discretionary top up Relief Discretionary top up Relief Discretionary Relief Discretionary Relief Hardship Hardship S44a (Part Occupation) S44a (Part Occupation)

Happy to help Please contact the Business rates team on if you would like to discuss any individual cases.