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| PRESTON TAIT - 2005 RE-VALUATION |
In 1995 the Government introduced Transitional
Arrangements for business, who, under the revaluation, made substantial
gains or losses against their rates bill for 1994/95.
TRANSITIONAL RELIEF - For Businesses Who Are Worse Off Under
Revaluation:
If your bill shows a transitional reduction, the maximum charge
payable has been calculated as shown below.
1999/2000
Rateable value of £15000 or more, the maximum amount payable
is-
Charge for 1997/98 + 10% + 3.2% inflation
Rateable Value of less than £15000, the maximum amount payable
is-
Charge for 1997/98 + 7.5% + 3.2% inflation
Rateable Value of less than £15000. the maximum amount payable
for
a composite property is:
Charge for 1997/98 + 5.0% + 3.2% inflation
1998/99
Rateable value of £15000 or more, the maximum amount payable
is-
Charge for 1997/98 + 10% + 3.6% inflation
Rateable Value of less than £15000, the maximum amount payable
is-
Charge for 1997/98 + 7.5% + 3.6% inflation
Rateable Value of less than £15000. the maximum amount payable
for
a composite property is:
Charge for 1997/98 + 5.0% + 3.6% inflation
1997/98
Rateable Value of £15000 or more, the maximum amount payable
is-
Charge for 1996/97 + 10.0% + 2.1% inflation
For properties with a Rateable Value of less than £15000,
there is no
increase in charges for the year 1997/98.
1996/97
Rateable Value of £15000 or more. the maximum amount payable
is-
Charge for 1995/96 + 7.5% + 3.9% inflation
Rateable Value of less than £15000, the maximum amount payable
is-
Charge for 1995/96 + 5.0% +3.9% inflation
Rateable Value of less than £15000, the maximum amount payable
for
a composite property is:
Charge for 1995/96 + 2.5% + 3.9% inflation
1995/96
Rateable Value of £15000 or more, the maximum amount payable
is-
Charge for 1994/95 + 10.0% + 2.2% inflation
Rateable Value of less than £15000, the maximum amount payable
is-
Charge for 1994/95 + 7.5% + 2.2% inflation
Rateable Value of less than £15000, the maximum amount payable
for
a composite property is:
Charge for 1994/95 + 5.0% + 2.2% inflation
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TRANSITIONAL CHARGE - For Businesses Who Are Better Off Under
Revaluation:
If your bill has a transitional charge added, the minimum amount
payable
has been calculated as shown below.
1999/2000
Rateable Value of £15000 or more, the minimum amount payable
is:
Charge for 1997/98 - 30.0% + 3.2% inflation
Rateable Value of less than £15000, the minimum amount payable
is:
Charge for 1997/98 - 35.0% + 3.2%
1998/99
Rateable Value of £15000 or more, the minimum amount payable
is:
Charge for 1997/98 - 30.0% + 3.6% inflation
Rateable Value of less than £15000, the minimum amount payable
is:
Charge for 1997/98 - 35.0% + 3.6%
1997/98
Rateable Value of £15000 or more, the minimum amount payable
is:
Charge for 1996/97 -15.0% + 2.1% inflation
Rateable Value of less than £15000, the minimum amount payable
is:
Charge for 1996/97 - 20.0% (there is no increase for inflation)
1996/97
Rateable Value of £15000 or more, the minimum amount payable
is:
Charge for 1995/96 - 5.0% + 3.9% inflation
Rateable Value of less than £15000, the minimum amount payable
is:
Charge for 1995/96 -10.0% + 3.9% inflation
1995/96
Rateable Value of £15000 or more, the minimum amount payable
is:
Charge for 1994/95 - 5.0% + 2.2% inflation
Rateable Value of less than £15000, the minimum amount payable
is:
Charge for 1994/95 -10.0% + 2.2% inflation INFLATION RATE E.G. 1997/98
The inflation figure of 3.6 is calculated by dividing the Retail
Price Index
figure for September 1997 (RP11) by the Retail Price Index figure
for
September 1996(RPI2):
(RPI 1) 159.3=3.6%
(RPI2) 153.8 |
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