City of London Supplement
Hereditaments located within the City of London will have an additional Supplement of 0.006p added to the Multipliers noted in the above table when their Business Rates are calculated.
Business Rates Supplement **
County Councils, Unitary District Councils and the Greater London Authority are entitled to levy a Business Rates Supplement (BRS) to fund additional projects that improve the economic development of their area. The ability to charge this additional levy was introduced on the 1st April 2010 and is subject to a maximum levy of 0.02p in every pound. To date, the only active scheme is in London to fund ‘Crossrail’, where a 2p levy on the UBR is charged to all businesses with assessments over RV £70,000.
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Our latest guide to business rates provides you with all the facts and figures to help you calculate your rate charges