2012-12-31-莱坊-Business_Rates_2013_2014_Business_Rate_2013_104_8页_3mb

Business Rates 2013 Summary

Overview

The Business Rates Facts & Figures 2013 guide provides a detailed breakdown for calculating business rates based on the 2010 Rating List, which expires on 31 March 2017. Ratepayers must use their Rateable Value (RV) and the adjusted Uniform Business Rate (UBR) multiplier for initial liability calculations. Applications for reliefs and exemptions are necessary, and transitional relief may apply in certain cases to avoid sudden changes in liability. The guide addresses legislative changes and regional variations.

Calculation and Liability

• Ratepayers calculate liability by applying the adjusted UBR multiplier to their RV.
• For transitional relief, caps on liability changes are based on prior liability and adjusted for inflation; this limit differs by region and property size.
• The Small Business Rates Relief (SBRR) offers 100% relief up to a threshold, tapering from there.

Relief and Exemptions

• Small Business Rates Relief (SBRR): 100% relief for RV below £6,000, in London.
• Empty Properties: Threshold for liability reduced to £2,600; shorter exemptions apply for industrial (6 months) and commercial (3 months).
• New Buildings: Exempt for up to 18 months if assessed between specific dates; cap set at 200,000 euros due to State Aid rules.
• Discretionary Relief: Councils may grant relief if it benefits local taxpayers.
• Enterprise Zones: Up to 100% relief for five years; fully funded by government.

Uniform Business Rates (UBR) by Region

• England: UBR rates range from 40.7p to 51.3p across different rate years and property sizes.
• Scotland: No separate UBR supplement; small property relief applies automatically.
• Wales: No UBR supplement; inflation adjusts rates; small property relief is automatic.

Supplements and Specific Rules

• Business Rates Supplement (BRS): Additional charges may apply for local projects, like Crossrail in London.
• Large vs. Small UBR: Based on RV thresholds; small businesses qualify for lower rates outside London if RV < £18,000.
• Inflation Adjustments: Rate calculations use the RPI to maintain accuracy for 2013 forecast years.

Regional Variations

• England: Detailed rates for large and small properties; transitional relief caps specified.
• Scotland: Postponed revaluation to April 2017 with no transitional relief scheme.
• Wales: Similar inflation adjustments; small property reliefs introduced in 2007.

Future Changes

• The 2010 Rating List replaces key regulations with inflation-adjusted rates for future periods.
• Ongoing legislative proposals and updates available through Knight Frank resources.