2017 Rating Assessments

[surveyor]

Are now out. Mostly.

https://www.gov.uk/correct-your-business-rates

BT are bleating as they've been hit hard with a 450% increase in assessment....

Our RV is not changing.... can live with that...

[surveyor]

Consultation document is out... https://www.gov.uk/government/uploads/system/uploa...

[surveyor]

loafer123 said:

PurpleMoonlight said:

Mines come down slightly.

Rates payable now back to the same as the rent!

The principle should be that Rates Payable should be about half your rental cost, given Rateable Value is = Rental Value in April 2015, then you apply the Multiplier at ~50p in the £.

Worth looking at the valuation used?

The multiplier will not be related to the current one.

The theory is that the 'grab' should be broadly linked to the previous years + inflation. The multiplier is reset, and then the increase should be linked to inflation for the next 5 years or whatever period they decide to tinker with....

If overall RV has increased, multiplier should fall....