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Non-domestic Rates: Valuation

Volume 505: debated on Wednesday 10 February 2010

To ask the Secretary of State for Communities and Local Government pursuant to the answer to the hon. Member for Meriden of 16 December 2009, Official Report, column 1298W, on non-domestic rates, what the (a) postcode and (b) percentage change in rateable value was in respect of each of the hereditaments included in the answer. (311798)

The following table gives the 50 hereditaments in Greater London, with their post codes, which showed, as at 29 May 2009, the largest percentage increase in rateable value between the compilation of the 2005 and the 2010 Ratings List. It also shows the percentage change in each hereditament’s bill between 2005 and 2010 after transitional relief has been applied, but before other reliefs.

The figures in the table are based on those in the Department’s 2009 consultation document entitled: “The Transitional Arrangements for the Non-Domestic Rating Revaluation 2010 in England”. A copy of this can be found at:

http://www.communities.gov.uk/publications/localgovernment/nndrrevaluation2010

Rank

Percentage change in rateable value

Percentage change in bill as a result of revaluation after transitional relief1

Postcode

1

109,900

3.5

E2 8LR

2

3,000

3.5

TN16 3LB

3

1,878

11

EC1Y 1BE

4

1,631

11

E8 1HR

5

1,480

3.5

N17 7AA

6

1,400

11

SE18 4QH

7

1,283

3.5

BR6 0PF

8

1,245

11

SE15 3NX

9

1,180

3.5

HA3 7ZZ

10

1,006

11

BR5 2QR

11

980

11

E2 7RG

12

938

11

E8 4QJ

13

907

11

HA6 2RN

14

900

3.5

SM6 0EN

15

900

11

E14 5SH

16

884

3.5

HA8 5HX

17

838

3.5

E14 5AB

18

832

11

EC2A 3BX

19

825

3.5

SW11 6HF

20

781

11

WC1H 0EG

21

773

3.5

TW2 6HT

22

757

3.5

E14 9SD

23

743

11

NW1 6UP

24

740

11

UB1 2JL

25

727

3.5

W10 5BN

26

704

11

SE10 8SE

27

702

3.5

SW6 4PH

28

688

3.5

SW7 8AN

29

673

3.5

SE8 3BU

30

672

11

SE17 1RW

31

653

11

SW2 2RW

32

636

3.5

N1 9RR

33

632

11

EC1V 9HL

34

613

3.5

E6 1EW

35

613

3.5

SE16 7LU

36

580

3.5

EN3 5JE

37

562

11

E3 5QS

38

550

3.5

SE1 7HR

39

541

11

EC1V 9HL

40

541

11

NW4 3FQ

41

541

11

NW4 3FQ

42

541

11

NW4 3FQ

43

538

11

EN2 8AN

44

536

11

E1 6QL

45

535

11

NW1 0AS

46

529

11

W9 2BS

47

525

3.5

EN5 5RU

48

520

11

E7 9HZ

49

513

11

WC2N 6NN

50

503

11

EC2M 7PY

1 The percentage change in rate bills will not be the same as the percentage change in rateable value. The Government’s £2 billion relief scheme will cap increases in 2010-11 rate bills as a result of revaluation at no more than 11 per cent. and just 3.5 per cent. for small hereditaments.

The table includes mainly one-off cases where there are specific factual reasons for changes in rateable value well outside of the norm. In some cases the publication of draft valuations has brought forward new information and valuations—either 2005, 2010 or both—have been amended accordingly. Otherwise reasons for change relate to the unique circumstances of individual valuations; examples include removal of temporary reductions in rateable value or changes in domestic elements.

The five-yearly business rates revaluations make sure each business pays its fair contribution and no more by ensuring that the share of the national rates bill paid by any one business reflects changes over time in the value of its property relative to others. The 2010 revaluation will not raise a single extra penny for Government.

Over a million properties will see their business rate liabilities come down as a result of revaluation. The Government have put in place a £2 billion relief scheme to limit the impact on the minority with bill increases, which in 2010-11 will ensure no business property sees its rates bill increase by more than 11 per cent. as a result of the revaluation, with maximum increases capped at just 3.5 per cent. for small properties. That is on top of the wider support available to help ease business pressures including discounted rate bills for small businesses and deferring tax payments.

To ask the Secretary of State for Communities and Local Government pursuant to the answer to the hon. Member for Bromley and Chislehurst of 5 January 2010, Official Report, column 238W, on non-domestic rates, what the (a) postcode and (b) percentage change in rateable values was of each of the 50 individual hereditaments. (311833)

The following table gives the 50 hereditaments in the South East, with their post codes, which showed, as at 29 May 2009, the largest percentage increase in rateable value between the compilation of the 2005 and the 2010 Ratings List. It also shows the percentage change in each hereditament’s bill between 2005 and 2010 after transitional relief has been applied, but before other reliefs.

The figures in the table are based on those in the Department’s 2009 consultation document entitled: “The Transitional Arrangements for the Non-Domestic Rating Revaluation 2010 in England”. A copy of this can be found at:

http://www.voa.gov.uk/publications/statistical_releases/VOA_Statistics_Release_Final.pdf

Rank

Percentage change in rateable value

Percentage change in bill as a result of revaluation after transitional relief1

Postcode

1

2

3.5

RH17 6EB

2

2

3.5

ME15 6JX

3

2

3.5

KT18 6DY

4

4,567

3.5

CT5 2AW

5

2,600

3.5

SO31 8GD

6

2,471

3.5

PO18 8TH

7

2,025

3.5

MK17 9LR

8

1,708

3.5

ME20 7TP

9

1,650

3.5

PO36 0NY

10

1,633

3.5

ME13 7TS

11

1,614

3.5

PO20 7HZ

12

1,333

3.5

OX3 0BX

13

1,275

3.5

GL7 3QS

14

1,267

3.5

SO22 6AA

15

1,158

11

RG1 4QA

16

1,100

11

TN22 1UN

17

1,054

3.5

CR3 5DQ

18

1,041

11

BN22 7LD

19

1,040

3.5

SO51 8BU

20

1,023

3.5

TN5 1PT

21

963

11

KT15 1NN

22

900

3.5

CT15 5AF

23

900

3.5

PO22 9NQ

24

900

3.5

TN32 5NY

25

858

3.5

PO37 6BN

26

833

3.5

SP10 5DD

27

800

3.5

CT7 0HW

28

792

11

RG4 5AU

29

785

11

BN2 5UZ

30

775

3.5

SO41 8AN

31

744

3.5

TN29 9JH

32

742

11

SL1 5NL

33

717

3.5

RG17 7DR

34

714

11

BN10 7ET

35

714

11

SL1 3HS

36

690

11

TN37 7RD

37

690

11

RH6 0HJ

38

688

3.5

CT9 4LB

39

681

11

PO35 5SZ

40

650

3.5

OX26 2GN

41

650

3.5

PO20 7HY

42

643

11

PO6 1RU

43

638

11

TN11 9PE

44

633

3.5

TN26 2PZ

45

633

3.5

BN15 8ES

46

633

3.5

BN15 8ES

47

633

3.5

BN15 8ES

48

633

3.5

BN15 8ES

49

633

3.5

BN15 8ES

50

633

3.5

BN15 8ES

1 The percentage change in rate bills will not be the same as the, percentage change in rateable value. The Government’s £2 billion relief scheme will cap increases in 2010-11 rate bills as a result of revaluation at no more than 11 per cent. and just 3.5 per cent. for small hereditaments.

2 These three hereditaments had zero rateable value in the 2005 Rating Lists.

The table includes mainly one-off cases where there are specific factual reasons for changes in rateable value well outside of the norm. In some cases the publication of draft valuations has brought forward new information and valuations—either 2005, 2010 or both—have been amended accordingly. Otherwise reasons for change relate to the unique circumstances of individual valuations; examples include removal of temporary reductions in rateable value or changes in domestic elements.

The five-yearly business rates revaluations make sure each business pays its fair contribution and no more by ensuring that the share of the national rates bill paid by any one business reflects changes over time in the value of its property relative to others. The 2010 revaluation will not raise a single extra penny for Government.

Over a million properties will see their business rate liabilities come down as a result of revaluation. The Government have put in place a £2 billion relief scheme to limit the impact on the minority with bill increases, which in 2010-11 will ensure no business property sees its rates bill increase by more than 11 per cent. as a result of the revaluation, with maximum increases capped at just 3.5 per cent. for small properties. That is on top of the wider support available to help ease business pressures including discounted rate bills for small businesses and deferring tax payments.