Rates and Rental – Workshop

Rates and Rental Surveyors Ltd have secured a reduction in business Rateable Value of a workshop and premises in London. Unit C, Charfleets Road, Canvey Island, Essex SS8 0PQ. Rates and Rental Surveyors Ltd agreed a reduction from £40,250– £21,750 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% £16,664 £9,005 £7,659
2011-12 / 43.3% £17,428 £9,418 £8,011
2012-13 / 45.8% £18,435 £9,962 £8,473
2013-14 / 47.1% £18,958 £10,244 £8,714
2014-15 / 48.2%     £19,401 £10,484 £8,917
2015-16 /  49.3%    £19,843 £10,723 £9,121
2016-17  /  (average 50.4%) £20,286 £10,962 £9,324
TOTAL £131,014 £70,796 £60,218
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