|  Provisional
Non Domestic Rating Multiplier (UBR) 2008/09
December
2007: The provisional non-domestic rating multipliers have
been announced by the Department for Communities and Local
Government.
Increasing
the small business multiplier in line with the September RPI
inflation figure of 3.9% results in a rise from 0.441 (44.1
pence in the pound) this year, to 0.458 (45.8 pence in the
pound) for 2008/09.
The
supplement, used to fund Small Business Rate Relief (SBRR)
is to be increased from 0.003 this year, to 0.004 for 2008/09.
The
provisional 2008/09 multipliers have therefore been calculated
as:
- Non-Domestic
Rating Multiplier 0.462
- Small
Business Non-Domestic Rating Multiplier 0.458
In
accordance with Schedule 7 to the 1988 Act, the provisional
multipliers will be confirmed after either the local government
finance report for 2008/09 has been approved by Parliament
or 1st March 2008.
| Adrian
Smith is a Rating Surveyor with over 25 years experience
in representing and advising ratepayers. He has an in
depth knowledge from both sides of the fence as he has
spent much of his working life with the Valuation Office
Agency as well as representing private sector business
and acting as consultant to professional
property firms.
He
has the knowledge, experience and technical expertise
to advise on all aspects of rate liability including
valuation, the application of transitional arrangements,
rating appeals, material change of circumstance, temporary
allowances, empty property rate, section 44a relief,
transitional certificates, charitable and other reliefs,
as well as acting on your behalf in an appeal against
your rateable value and representing you at valuation
tribunal.
If
you are a ratepayer or a property professional and require
advice on rating matters it is essential that you consult
a rating specialist. |
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