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Non-Domestic Rates

Volume 507: debated on Wednesday 17 March 2010

To ask the Secretary of State for Communities and Local Government what the combined rateable value of hereditaments in each local authority area is on the (a) 2005 and (b) draft 2010 Rating List. (312098)

[holding answer 20 January 2010]: I have placed in the Library of the House a table showing the total rateable value for all hereditaments in Local List for England broken down by billing authority on the 2005 and the draft 2010 Rating Lists as at 2 November 2009. These data are consistent with the statistical release titled: “Non-domestic rateable values: 2010 Local Rating Lists—England and Wales”, published on 18 December 2009. A copy of this statistical release is available at the following link:

The rateable values have been rounded to the nearest £1,000.

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

Over 1 million properties will see their business rate liabilities come down as a result of revaluation. The Government intend to 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.