No information is held centrally on individual businesses' bills; therefore the average change in business rates bills cannot be calculated.
The reduction in rate yield due to full rate increases being deferred for 2008-09 was £106 million. The net change in yield as a result of transitional relief in 2008-09 was £69.4 million. Data for 2009-10 are not yet available.
In 2009-10 businesses will be able to defer a proportion of their business rates bill increase. Following is a link to an announcement of the Government's plans for deferral, which includes an estimate of the cost of the proposal:
http://www.communities.gov.uk/news/localgovernment/1191049
This estimate will be updated in the impact assessment that will be undertaken and published as part of the process of making the necessary secondary legislation.
The numbers of hereditaments with a rateable value of less than £10,000, by Government office region, are shown in the following table.
Number North East 51,304 North West 158,285 Yorkshire and the Humber 116,216 East Midlands 87,298 West Midlands 117,324 East of England 110,438 London 138,639 South East 140,899 South West 127,573 Total England 1,047,976
The data are as at 31 March 2009 and are from the Valuation Office Agency.
The reduction in rate yield on the local list due to full rate increases being deferred for each year from 2005-06 is shown in the table:
Gross cost (£ million) 2005-061 1,167 2006-071 501 2007-081 230 2008-092 106 1 Data from NNDR 3: National Non-Domestic Rate Collection Yield Outturn returns 2 Data from NNDR 1: National Non-Domestic Rate Collection Yield Forecast returns
The 2010 business rates revaluation takes effect from 1 April 2010. We will publish a draft impact assessment alongside our proposals for transitional arrangements to phase in changes in rate bills as a result of the revaluation later in the summer.
The Government are currently considering the further detail and administrative arrangements for the business rates deferral scheme, working collaboratively with the local government sector and business to ensure ease of implementation.
The regulations authorising the scheme are planned to come into effect this summer and will set out in detail the application process and timetable. Businesses will be contacted by their billing authority and invited to apply for the scheme shortly after the regulations come into effect.
The Department has not made any further calculations of possible future revenues from supplementary business rates beyond those based on 2007 rateable values and published in Table 3.4 of Business Rate Supplements: A White Paper.