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Key Contacts

 

England Business rates, Facts and Figures

Guide 2019-2020

Key Points

  • Multiplier increased by CPI 2.4% - 2019-20 Small Multiplier – 0.491p, Standard Multiplier 0.504p.
  • City of London supplement increased by 0.001p from 0.005p to 0.006p from 1st April 2019.
  • Introduction of Retail Discount scheme. This delivers one third discount off the ‘Net Business Rate Charge’ for eligible retail businesses with a rateable value of less than £51,000, for two years from April 2019.
  • The Rating (property in common occupation) and Council Tax (empty dwellings) Act came into force on 1st November 2018. Subsequently amended statutory instruments will allow any properties split as a result of Mazars to be merged back together. These mergers can be backdated as far as 1st April 2010.
  • The Government also announced intentions to bring forward primary legislation to grant 100% relief from Business Rates for ‘designated’ Public Toilets.
  • Antecedent date for 2021 Valuation List set as 1st April 2019.

 

     Multipliers

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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