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 |