|  News
and Information from ASR
Deferral Scheme 2009
The chancellor
anounced on 31st March a scheme to defer part of the increase
in business rates that businesses will face from 1st April.
The full
details will not be available until July, and ratepayers must
pay the amounts demanded on their bills until the scheme is
active, but the aim is to give ratepayers the option to defer
60% of their increase, thereby reducing the increase from
5% to 2%
This does
not change the multiplier, and it does not change the actual
liability for 2009/10, it simply gives the ratepayer the opportunity
to defer part of the increase in 2009/10 and pay it back in
2010/11 and 2011/12.
Typically,
a business that has premises with an RV of 25,000 will be
able to defer £345.00 of their rate bill and repay it
over the following two years.
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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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