Rates and Rental Surveyors Ltd – 40-50% reduction

Rates and Rental Surveyors Ltd have secured a reduction in business Rateable Value of a Restaurant and Premises in London. Ground Floor 37-38 Margaret Street, London W1G 0JF. Rates and Rental Surveyors Ltd agreed a reduction from £147,000– £141,000 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% £60,858 £58,374 £2,484
2011-12 / 43.3% £63,651 £61,053 £2,598
2012-13 / 45.8% £67,326 £64,578 £2,748
2013-14 / 47.1% £69,237 £66,411 £2,826
2014-15 / 48.2%     £70,854 £67,962 £2,892
2015-16 /  49.3%    £72,471 £69,513 £2,958
2016-17  /  (average 50.4%) £74,088 £71,064 £3,024
TOTAL £478,485 £458,955 £19,530
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