UBR
2009/10
England
The
September 2008 RPI figure has been announced as 218.4
This
gives an inflation figure of 5% and a Q Value of 1.05
If
there is no adjustment, the Small Business Non Domestic
Rating Multiplier for 2009/10 is likely to be 0.481
If
the supplement for SBRR remains at 0.004, the Non Domestic
Rating Multiplier (UBR) is likely to be 0.485
Wales
The
UBR for Wales in 2009/10 is likely to be 0.489
Empty
Property Rate
Not
exactly news now, the changes to the empty property regulations
for England and Wales took effect from 1st April 2008.
The
main changes affecting ratepayers and their advisers was
the loss of empty property rate relief.
Before
1/4/08, the owner of an empty industrial property such
as a factory, workshop or warehouse, was exempt from empty
(or unoccupied) property rate.
From
1st April 2008, the ratepayer (usually the owner or landlord)
became liable for full business rates on the vacant property.
An
industrial property that becomes empty after 1st April
2008 will be entitled to six months exemption before becoming
subject to the full rate.
Non
Industrial properties such as Shops, Offices, Pubs and
Restaurants, are also subject to full rates when vacant.
Any
non-industrial property that becomes empty after 1st April
2008 will be entitled to three months exemption before
becoming subject to the full rate.
Listed
Buildings have retained their exemption from business
rates when unoccupied.
Avoiding
the empty property rate
Rating
Revaluation 2010
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