England
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Essential rating data: England 2009/10

 

Non-domestic rating multipliers (uniform business rate poundages)

Note: From 1 April 2008 the Government amended legislation to levy 100% business rates on commercial properties in England and Wales that have been empty for three months or more, or six months in the case of industrial and warehouse property.

For the rate year 2009/2010 the Government has amended legislation to temporarily increase the threshold at which empty property becomes liable for business rates from a rateable value of 2,200 to 15,000 in England and Wales.

Rate year Large Small
2005/06 42.2p 41.5p
2006/07 43.3p 42.6p
2007/08 44.4p 44.1p
2008/09 46.2p 45.8p
2009/10 48.5p 48.1p

City of London business rates

For 2009/10 the multiplier for the city of London is 48.9p.

Small business rates relief

From 2005/06 businesses that qualify for Small Business Rates Relief (SBRR) have the small (i.e. lower) business multiplier used for liability calculations.

A business may apply for SBRR if the aggregate of the Rateable Values (RVs) of its properties is less than 15,000 (21,500 in London) and only one property is assessed at above 2,200 rateable value.

Transitional arrangements

Transitional arrangements are phased out from 1 April 2009, all ratepayers will be paying rates based on their current rateable value.

Maximum annual increases in rates payable

Rate year Large properties Small properties
  in real terms after inflation in real terms after inflation
2005/06 12.5% 16.0% 5.0% 8.3%
2006/07 17.5% 20.6% 7.5% 10.3%
2007/08 20.0% 24.2% 10.0% 13.9%
2008/09 25.0% 29.4% 15.0% 19.0%
2009/10 n/a n/a n/a n/a

Maximum annual decreases in rates payable

Rate year Large properties Small properties
  in real terms after inflation in real terms after inflation
2005/06 12.5% 9.8% 30.0% 27.8%
2006/07 12.5% 10.2% 30.0% 28.2%
2007/08 14.0% 11.0% 35.0% 32.7%
2008/09 25.0% 22.4% 60.0% 58.6%
2009/10 n/a n/a n/a n/a

In England, the definition of a large property is one for which the RV (as at 1 April 2005) is 15,000 or more (21,500 in London).

Further information

For more UK business rates data and and a quick guide to Colliers International's rating services download our brochure below or contact us to discuss your needs.

Colliers International Essential Rating Data 2010/11 (PDF 308KB)

 
 


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