Guest 641- Registered: 12 Mar 2008
- Posts: 2,335
29 October 2009
17:3731928Whilst chatting to a local businessman today it was pointed out to me that with property prices falling, Business Rates are increasing by an average of 30 per cent under the new 5 year plan which comes into effect in 2010. Puzzled
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
29 October 2009
18:1931941No, Barry. In all Dover District faces a 5% reduction. That is a global figure, some businesses will face increases while others will get reductions. There certainly is not an overall 30% increase for businesses as such but it is possible that an individual business might face such an increase offset by others getting reductions (the latter will not say too much while those increasing will shout about it, human nature). Any large increases and reductions are phased in over 5 years.
The business rates are based on rental vaues generally not capital values.
Guest 653- Registered: 13 Mar 2008
- Posts: 10,540
29 October 2009
18:4831949I raised a thread a short time ago about business rates and what is happening to them.
I appreciate what you say BarryW about the average businesses rates in Dover District going down by around 5% and you rightly say that some will go up.
My concern is what makes the VOA think they have it right ? and how can a VOA office in Durham calculate business rates in Dover ? If Canterbury businesses pay higher rates than Dover (I've had that from the horses mouth so to speak) then there must be an element of the level that a Town or City businesses trade at, to make their valuation, or do you think they assume rental charges would be higher ?
I think business support bodies like Chambers of Commerce - individually as well as through the BCCI, FSB, ATCMs and other bodies, should each be lobbying and fighting on the local businesses behalf with the VOAs around the Country, because if they don't, who will ?
I've looked at two businesses business rates and there are serious anomolies on both of them.
On your above reply to Barry W-S, isn't there a natural assumption that if the building is worth less (not worthless) that you'd get less rent for it ? and hence a reduction in rates ?
Roger
Guest 641- Registered: 12 Mar 2008
- Posts: 2,335
29 October 2009
19:5031963Thanks for the information BarryW, I stand corrected, I thought it was a bit odd at the time and felt if I brought it to the forums attention the truth will out. Obviously the local businessman is in the minority.
Guest 655- Registered: 13 Mar 2008
- Posts: 10,247
29 October 2009
19:5231964Not necessarily, location, footfall etc will help determine the kind of rent that can be charged which will not necessarilly reflect the capital value.
I have said before the whole system needs a complete shake up. Again, Roger, remember those who's rates are going down will not be shouting about it but those going up will do so.
