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Rating: Rate Poundage

Following the rates revaluation the 2017 rate poundage in England, Scotland and Wales have been revised on the following basis:

ENGLAND - Rate £age 2017/18 
RV < £50,999 £0.466
RV > £51,000 (large property supplement of £0.013) £0.479
City of London Supplement £0.005
London Crossrail supplement - RV > £69,999 £0.020
Small Business Rates Relief (SBRR) may apply on a phased basis where RV <£15,000 (see more info here)
Scotland
RV < £50,999 £0.466
RV > £51,000 (large property supplement of £0.026) £0.492
Small Business Bonus Scheme (SBBS) may apply on a phased basis where RV <£18,000 (see more info here)
Wales
Rate poundage - all properties £0.499
Small Business Rates Relief (SBRR) may apply on a phased basis where RV <£12,000 (see more info here)

 

Transitional Relief – What is it?

TR is a financial regulation applicable primarily in England, although Wales has introduced a restricted transitional scheme aimed at small properties. TR limits the year on year increase and decrease in any occupiers rates liability. The system is now established with an aim to protect the small to medium sized ratepayer but this appears to be at the expense of the larger ratepayer. There is no transitional relief in Scotland. The new English 2017 ‘TR’ parameters are shown below:

  2016/17 to 2017/18 2017/18 to 2018/19 2018/19 to 2019/20 2019/20 to 2020/21 2020/21 to 2021/22
  + limit / -limit + limit / -limit + limit / -limit + limit / -limit + limit / -limit
Small  Property RV <£20,000 (£28,000 in London)  to £100,000 +5% / -20%
+7.5% / -30%
+10% / -35%
+15% / -55%
+15% / -55%
Medium  Property RV >£20,000 (£28,001 in London)  to <£100,000 +12.5% / -10%
+17.5% / -15%
+20% / -20%
+25% / -25%
+25% / -25%
Large Property RV >£100,001 +42% / -4.1% +32% / -4.6% +49% / -5.9% +16% / -5.8% +6% / -4.8%

 

Contact our head of rating for further advice:
Craig Wilson - 0131 558 5145 E: cwilson@eyco.co.uk

 


Previous Rate Poundage Figures

  2012-13 2013-14 2014-15 2015-16 2016-17
England
UBR 45.0 46.2 47.1 48.0 48.4
Large Property Supplement (>£18,000 or £25,500 if in London) 0.8 0.9 1.1 1.3 1.3
Total 45.8 47.1 48.2 49.3 49.7
Scotland
UBR 45.0 46.2 47.1 48.0 48.4
Large Property Supplement (>£35,000) 0.8 0.9 1.1 1.3 2.6
Total 45.8 46.2 48.2 49.3 51.0
Wales
UBR 45.2 46.4 47.3 48.2 48.6
Total 45.2 46.4 47.3 48.2 48.6