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Business rates q

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cassa333 | 14:32 Mon 25th Jan 2010 | Business
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Can anyone answer this for me please.

If the rateable value of a business is £9100 pa is that the amount payable or the amopunt it is worked out from?

Thank you
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Avatar Image buildersmate
No, Cassa, it's the latter (the amount it is worked out from).
Business RVs are quoted as a value in pounds, then the local authority declares a 'rate in the pound' - so say '84.5p in the pound'. Which means one multiplies the RV by 0.845 to work out how much one's business is being shafted for.
17:30 Mon 25th Jan 2010
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Thank you BM.

One day I think it will be 100p in the pound payable... Just to pay for the credit blunders of this administration perhaps!!!
08:03 Tue 26th Jan 2010

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