The Government published on 8th July the first results of the 2010 rating revaluation in England together with proposals for transitional arrangements for the 2010 rating list. As a result of revaluation and the relief arrangements the majority of businesses (60%) will see a fall in next year’s bill and one million businesses will see an average decrease of £770.The proposed schemes for transitional arrangements would help nearly half a million businesses providing a total of £2 billion of relief for those facing increases. The Government is asking for views on a £2 billion relief scheme to support the minority of businesses (presumably the other 40%) who could see their rates increase as a result of the revaluation.
APA has been asked to comment and will be taking advice from professional advisors and Members before responding.
Gareth
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