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House of Commons Hansard
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Non-Domestic Rates: Valuation
11 November 2009
Volume 499

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To ask the Secretary of State for Communities and Local Government what assessment has been made of the effect of the 2010 non-domestic rate revaluation on the level of revenue raised from business rates on empty properties; and whether transitional rate relief is to apply to empty properties. [294551]

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No assessment has been made of the effect of 2010 revaluation on the level of revenue raised from business rates on empty properties. These will be eligible for transitional relief in respect of increases in bills attributable to the revaluation.

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 a 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. This is on top of the wider support available to help ease business pressures including discounted rate bills for small businesses and deferring tax payments.

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To ask the Secretary of State for Communities and Local Government what his most recent estimate is of the (a) small firm and (b) standard business rate multiplier in 2010-11 in (i) England outside the City of London, (ii) the City of London and (iii) Wales. [297436]

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In the consultation for the Transitional Relief Scheme the Department estimated that, as a result of the revaluation, the small business multiplier for 2010-11 will be 41.3 pence. This did not take into account the negative RPI inflation for September.

The Department has also estimated a national non-domestic multiplier of 41.7 pence for 2010-11 to allow ratepayers to estimate their rates bills for this period on the Business Link website. As in previous years, this multiplier will be found by adding to the small business multiplier an amount to recover the cost of the small business rate relief scheme. The provisional multipliers will be announced in due course.

The Department does not estimate the multiplier for the City of London as it is for the City of London to determine in accordance with part II of schedule 7 of the Local Government Finance Act 1988 (as amended by the Local Government Finance Act 1992).

The Department does not estimate the multiplier for Wales as this is a matter for the Welsh Assembly.

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 a 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. This is on top of the wider support available to help ease business pressures including discounted rate bills for small businesses and deferring tax payments.