Rates and Rental – Public House

Rates and Rental Surveyors Ltd have secured a reduction in business Rateable Value of a Public House and premises in London. 146 High Street, Newmarket CB8 9AQ. Rates and Rental Surveyors Ltd agreed a reduction from £80,000– £59,000 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% £33,120 £24,426 £8,694
2011-12 / 43.3% £34,640 £25,547 £9,093
2012-13 / 45.8% £36,640 £27,022 £9,618
2013-14 / 47.1% £37,680 £27,789 £9,891
2014-15 / 48.2%     £38,560 £28,438 £10,122
2015-16 /  49.3%    £39,440 £29,087 £10,353
2016-17  /  (average 50.4%) £40,320 £29,736 £10,584
TOTAL £260,400 £192,045 £68,355
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