Web Business Rates Calculator
2005 - 2010. Simply fill in a couple of figures for an
instant on-line annual estimate.
Remember this calculation is an estimate based on the information you supply. For a full
evaluation make a formal claim asap.
Enter the Rateable Value as shown in the 2005 List (and as applicable on 1st April 2005)
Enter the annual NDR bill for 2004/5 ( excluding any charity or unoccupied
property reliefs )
Will this property qualify for Small Business
Rate Relief ? Yes
No (see the Small Business Rate Relief Scheme warning message below)
The "normal" bill (notional charge) is found by multiplying the
new 2005 Rateable Value by the Large Business or Small Business multiplier.
The Large / Small thresholds depend on
the regional location and the multipliers are fixed fractions.
Small Business Rate Relief Scheme warning -
you must apply to the billing authority for registration as a small business. A ratepayer is only eligible for SBRR with
either a single small property, or, one main property and other minor properties providing
they each have rv's of less than £2,200 and the rv's of all the properties is under the "large threshold" (£15,000 in England
and £21,500 in London).
Explanation - Transitional phasing works by comparing the new "normal" bill (notional charge) with the previous
year's bill. Above and below the previous year's bill there is a "normal" band, the boundaries of which are set
percentages (adjusted for inflation). If the new bill falls within the "normal" band then that will be the
interim (transitional) bill. If the new bill falls outside the "normal" band then the appropriate "normal" band
boundary will be the interim (transitional) bill - protecting business from sudden swings. Final adjustment (supplement or relief)
may apply to convert the interim (transitional) bill to an actual bill.
Caveat: At this stage we cannot know the business multiplier values for future years so this phasing projection
assumes that they stay the same in the subsequent years - past experience suggests that they will creep up slightly
so that by 2009-10 the "normal" bill (notional charge) could be about 10% optimistic.
NB You can modify the inflation rates as much as you like !
And you can use the browser Print button to launch a
print or change your figures and click Calculate to do it again.
Copyright Ovaltech 2005