The table includes mainly one-off cases where there are specific factual reasons for changes in rateable value well outside of the norm. In some cases the publication of draft valuations has brought forward new information and valuations—either 2005, 2010 or both—have been amended accordingly. Otherwise reasons for change relate to the unique circumstances of individual valuations; examples include removal of temporary reductions in rateable value or changes in domestic elements.
The five-yearly business rates revaluations make sure each business pays its fair contribution and no more by ensuring that the share of the national rates bill paid by any one business reflects changes over time in the value of its property relative to others. The 2010 revaluation will not raise a single extra penny for Government.
10 Feb 2010 : Column 1037W
Over a million properties will see their business rate liabilities come down as a result of revaluation. The Government have put in place a £2 billion relief scheme to limit the impact on the minority with bill increases, which in 2010-11 will ensure no business property sees its rates bill increase by more than 11 per cent. as a result of the revaluation, with maximum increases capped at just 3.5 per cent. for small properties. That is on top of the wider support available to help ease business pressures including discounted rate bills for small businesses and deferring tax payments.
Mr. Stewart Jackson: To ask the Secretary of State for Communities and Local Government pursuant to the answer to the hon. Member for Bromley and Chislehurst of 5 January 2010, Official Report, column 238W, on non-domestic rates, what the (a) postcode and (b) percentage change in rateable values was of each of the 50 individual hereditaments. [311833]
Barbara Follett: The following table gives the 50 hereditaments in the South East, with their post codes, which showed, as at 29 May 2009, the largest percentage increase in rateable value between the compilation of the 2005 and the 2010 Ratings List. It also shows the percentage change in each hereditament’s bill between 2005 and 2010 after transitional relief has been applied, but before other reliefs.
The figures in the table are based on those in the Department’s 2009 consultation document entitled: “The Transitional Arrangements for the Non-Domestic Rating Revaluation 2010 in England”. A copy of this can be found at:
http://www.voa.gov.uk/publications/statistical_releases/VOA_Statistics_Release_Final.pdf
| Rank | Percentage change in rateable value | Percentage change in bill as a result of revaluation after transitional relief(1) | Postcode |
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| (1) The percentage change in rate bills will not be the same as the, percentage change in rateable value. The Government’s £2 billion relief scheme will cap increases in 2010-11 rate bills as a result of revaluation at no more than 11 per cent. and just 3.5 per cent. for small hereditaments. (2) These three hereditaments had zero rateable value in the 2005 Rating Lists. | |||
The table includes mainly one-off cases where there are specific factual reasons for changes in rateable value well outside of the norm. In some cases the publication of draft valuations has brought forward new information and valuations—either 2005, 2010 or both—have been amended accordingly. Otherwise reasons for change relate to the unique circumstances of individual valuations; examples include removal of temporary reductions in rateable value or changes in domestic elements.
The five-yearly business rates revaluations make sure each business pays its fair contribution and no more by ensuring that the share of the national rates bill paid by any one business reflects changes over time in the value of its property relative to others. The 2010 revaluation will not raise a single extra penny for Government.
Over a million properties will see their business rate liabilities come down as a result of revaluation. The Government have put in place a £2 billion relief scheme to limit the impact on the minority with bill increases, which in 2010-11 will ensure no business property sees its rates bill increase by more than 11 per cent. as a result of the revaluation, with maximum increases capped at just 3.5 per cent. for small properties. That is on top of the wider support available to help ease business pressures including discounted rate bills for small businesses and deferring tax payments.
Planning Obligations
Grant Shapps: To ask the Secretary of State for Communities and Local Government what estimate his Department has made of the proportion of affordable housing made available under section 106 agreements in 2008-09. [316808]
10 Feb 2010 : Column 1039W
Mr. Ian Austin: Figures from the Department for Communities and Local Government show that in 2008-09, 55,770 new affordable homes were provided in England, of which 32,290 (58 per cent.), were either fully or partially funded using section 106 contributions.