Communities and Local Government written question – answered at on 20 January 2010.
To ask the Secretary of State for Communities and Local Government whether trading conditions in the petrol retail trade since the last date used to assess the rateable value of petrol retail outlets for the purpose of calculating the business rate from 1 April 2010 have been taken into account in setting that rate.
The Antecedent Valuation Date (AVD) for the revaluation due to come into force on
The five-yearly business rates revaluations make sure each business pays its fair contribution and no more. The 2010 revaluation will not raise a single extra penny for Government and over a million properties will see their business rate liabilities come down as a result of revaluation.
In the last five years, alongside rising petrol prices and increasing turnover, the rents paid on many petrol filling stations has grown. It is only fair to all ratepayers this is reflected in rate bills. The Government have put in place a £2 billion relief scheme to limit the impact on business properties facing increases.
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