Be Prepared for 2010 Business Rates Change ; North East Businesses Need to Start Preparing for a Change in Business Rates Which Is Coming Into Effect Next Year, Says Richard Farr, of Sanderson Weatherall.

Summary

---

FROM October 1, 2009, the Valuation Office Agency will release the drafted 2010 Business Rates Revaluation. This will directly affect business rates 2010/2011 bills and, for some, will herald unwelcomed news for North East firms.

Every five years, all non-domestic properties are reviewed and assigned new values but, this time around, we are likely to see a significant impact for some businesses given the way the calculations are made.

See the full content of this document

Extract

---

Be Prepared for 2010 Business Rates Change ; North East Businesses Need to Start Preparing for a Change in Business Rates Which Is Coming Into Effect Next Year, Says Richard Farr, of Sanderson Weatherall.

Since 1990, the rateable value on commercial property has been calculated based on historic rental values and, in this instance, the rates for 2010 ...

See the full content of this document

---