Non-domestic Rates: Valuation

Communities and Local Government written question – answered on 10th February 2010.

Alert me about debates like this

Photo of Stewart Jackson Stewart Jackson Shadow Minister (Communities and Local Government)

To ask the Secretary of State for Communities and Local Government pursuant to the answer to the hon. Member for Meriden of 16 December 2009, Official Report, column 1298W, on non-domestic rates, what the (a) postcode and (b) percentage change in rateable value was in respect of each of the hereditaments included in the answer.

Photo of Barbara Follett Barbara Follett Minister of State (the East of England), Regional Affairs, Parliamentary Under-Secretary of State (the East of England), Department for Communities and Local Government

The following table gives the 50 hereditaments in Greater London, with their post codes, which showed, as at 29 May 2009, the largest percentage increase in rateable value between the compilation of the 2005 and the 2010 Ratings List. It also shows the percentage change in each hereditament's bill between 2005 and 2010 after transitional relief has been applied, but before other reliefs.

The figures in the table are based on those in the Department's 2009 consultation document entitled: "The Transitional Arrangements for the Non-Domestic Rating Revaluation 2010 in England". A copy of this can be found at:

http://www.communities.gov.uk/publications/localgovernment/nndrrevaluation2010

Rank Percentage change in rateable value Percentage change in bill as a result of revaluation after transitional relief( 1) Postcode
1 109,900 3.5 E2 8LR
2 3,000 3.5 TN16 3LB
3 1,878 11 EC1Y 1BE
4 1,631 11 E8 1HR
5 1,480 3.5 N17 7AA
6 1,400 11 SE18 4QH
7 1,283 3.5 BR6 0PF
8 1,245 11 SE15 3NX
9 1,180 3.5 HA3 7ZZ
10 1,006 11 BR5 2QR
11 980 11 E2 7RG
12 938 11 E8 4QJ
13 907 11 HA6 2RN
14 900 3.5 SM6 0EN
15 900 11 E14 5SH
16 884 3.5 HA8 5HX
17 838 3.5 E14 5AB
18 832 11 EC2A 3BX
19 825 3.5 SW11 6HF
20 781 11 WC1H 0EG
21 773 3.5 TW2 6HT
22 757 3.5 E14 9SD
23 743 11 NW1 6UP
24 740 11 UB1 2JL
25 727 3.5 W10 5BN
26 704 11 SE10 8SE
27 702 3.5 SW6 4PH
28 688 3.5 SW7 8AN
29 673 3.5 SE8 3BU
30 672 11 SE17 1RW
31 653 11 SW2 2RW
32 636 3.5 N1 9RR
33 632 11 EC1V 9HL
34 613 3.5 E6 1EW
35 613 3.5 SE16 7LU
36 580 3.5 EN3 5JE
37 562 11 E3 5QS
38 550 3.5 SE1 7HR
39 541 11 EC1V 9HL
40 541 11 NW4 3FQ
41 541 11 NW4 3FQ
42 541 11 NW4 3FQ
43 538 11 EN2 8AN
44 536 11 E1 6QL
45 535 11 NW1 0AS
46 529 11 W9 2BS
47 525 3.5 EN5 5RU
48 520 11 E7 9HZ
49 513 11 WC2N 6NN
50 503 11 EC2M 7PY
(1) The percentage change in rate bills will not be the same as the percentage change in rateable value. The Government's £2 billion relief scheme will cap increases in 2010-11 rate bills as a result of revaluation at no more than 11 per cent. and just 3.5 per cent. for small hereditaments.

The table includes mainly one-off cases where there are specific factual reasons for changes in rateable value well outside of the norm. In some cases the publication of draft valuations has brought forward new information and valuations-either 2005, 2010 or both-have been amended accordingly. Otherwise reasons for change relate to the unique circumstances of individual valuations; examples include removal of temporary reductions in rateable value or changes in domestic elements.

The five-yearly business rates revaluations make sure each business pays its fair contribution and no more by ensuring that the share of the national rates bill paid by any one business reflects changes over time in the value of its property relative to others. The 2010 revaluation will not raise a single extra penny for Government.

Over a million properties will see their business rate liabilities come down as a result of revaluation. The Government have put in place a £2 billion relief scheme to limit the impact on the minority with bill increases, which in 2010-11 will ensure no business property sees its rates bill increase by more than 11 per cent. as a result of the revaluation, with maximum increases capped at just 3.5 per cent. for small properties. That is on top of the wider support available to help ease business pressures including discounted rate bills for small businesses and deferring tax payments.

Does this answer the above question?

Yes0 people think so

No0 people think not

Would you like to ask a question like this yourself? Use our Freedom of Information site.