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Rating: Rate Poundage
The rate poundage, which applies from 1 April in each financial year, is as follows:
| 2009-10 | 2010-11 | 2011-12 | |
| England | |||
| UBR | 47.1 | 40.7 | 42.6 |
| Large Property Supplement (>£18,000 or £25,500 if in London) | 0.4 | 0.7 | 0.7 |
| Total | 48.5 | 41.4 | 43.3 |
| Scotland | |||
| UBR | 48.1 | 40.7 | 42.6 |
| Large Property Supplement (>£35,000) | 0.4 | 0.7 | 0.7 |
| Total | 48.5 | 41.4 | 43.3 |
| Wales | |||
| UBR | 48.9 | 40.9 | 42.8 |
| Total | 48.9 | 40.9 | 42.8 |
Transitional Relief – What is it?
TR is a financial regulation applicable only in England, which limits the year on year increase and decrease in any occupiers rates liability. Whilst this protects ratepayers from large increases, ratepayers should be aware that the level of increase is less restrictive later in the 5 year revaluation cycle. Ratepayers should therefore take a longer term view on rates payments.
Maximum Increases
| 2010-11 | 2011-12 | 2012-13 | 2013-14 | 2014-15 | |
| Small property | 5% | 7.5% | 10% | 15% | 15% |
| Large property | 12.5% | 17.5% | 20% | 25% | 25% |
*The above noted figures will also be adjusted by an inflationary amount
Maximum Decreases
| 2010-11 | 2011-12 | 2012-13 | 2013-14 | 2014-15 | |
| Small property | 20% | 30% | 35% | 55% | 55% |
| Large property | 4.6% | 6.7% | 7% | 13% | 13% |
*The above noted figures will also be adjusted by an inflationary amount
A small property is a property with a 2010 rateable value below £18,000 (or £25,500 within Greater London). All other properties are large properties.
Transitional relief is not applicable in Scotland or Wales
Contact our head of rating for further advice:
Craig Wilson - 0131 473 7145 E: cwilson@eyco.co.uk