Rates and Rental – The Rotunda

Rates and Rental Surveyors Ltd have secured a reduction in business Rateable Value of  a Restaurant and premises in London. The Rotunda Kingston KT1 1QJ. Rates and Rental Surveyors Ltd agreed a reduction from £190,000– £165,000 with the Valuation Office. The reduction now means the following saving will apply excluding any transitional relief (*) or Small Business Rates Relief (*) given by the local authority.

Year/Rate Before reduction After reduction Saving
2010 – 11 / 41.4% £78,660 £68,310 £10,350
2011-12 / 43.3% £82,270 £71,445 £10,825
2012-13 / 45.8% £87,020 £75,570 £11,450
2013-14 / 47.1% £89,490 £77,715 £11,775
2014-15 / 48.2%     £91,580 £79,530 £12,050
2015-16 /  49.3%    £93,670 £81,345 £12,325
2016-17  /  (average 50.4%) £95,760 £83,160 £12,600
TOTAL £618,450 £537,075 £81,375
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