Rates and Rental Surveyors Ltd have secured a reduction in business Rateable Value of a shop and premises in London. SU743, UPPER MALL WEST, BULLRING, BIRMINGHAM, B5 4BF. Rates and Rental Surveyors Ltd agreed a reduction from £105,000– £100,000 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% | £43,470 | £41,400 | £2,070 |
2011-12 / 43.3% | £45,465 | £43,300 | £2,165 |
2012-13 / 45.8% | £48,090 | £45,800 | £2,290 |
2013-14 / 47.1% | £49,455 | £47,100 | £2,355 |
2014-15 / 48.2% | £50,610 | £48,200 | £2,410 |
2015-16 / 49.3% | £51,765 | £49,300 | £2,465 |
2016-17 / (average 50.4%) | £52,920 | £50,400 | £2,520 |
TOTAL | £341,775 | £325,500 | £16,275 |