2017 RATING REVALUATION National Rating Revaluations take place every 5 years The previous Revaluation was in 2010 The 2015 Revaluation was postponed by the Government 2017 is the latest Revaluation ID: 1028265
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1. YOUR BUSINESS RATESMichael Williams October 2019
2. 2017 RATING REVALUATIONNational Rating Revaluations take place every 5 years.The previous Revaluation was in 2010.The 2015 Revaluation was postponed by the Government.2017 is the latest Revaluation.Your current Rateable Value is effective from 1.4.2017.2
3. HOW ARE MASONIC HALLS ASSESSEDBasically the same as any other licensed club.The principal valuable areas of the building are the bar, lounge or clubroom (Function Room or Lodge Room)For these the Valuation Officer will apply a rental value per sq metre.This value is referred to as the “Base Rate”.Typical Base Rates for Masonic Halls in the North West range between £20 to £33 per sq metre.The remaining less valuable areas are assessed as a percentage of Base Rate e.g.Offices, committee rooms, kitchens @ 66% of Base RateBeer cellar, stores @ 50% of Base Rate.3
4. If your bar, lounge, function room & lodge room are located on the first floor then these will be assessed at 75% of the Base Rate.If the building contains a lift then the 100% will apply to these areas.First Floor offices, committee rooms etc are assessed at 50% of Base Rate.Basement accommodation eg beer cellar & stores are assessed at 25% of Base Rate.BASIS OF MEASUREMENT IS NIA (Net Internal Area) - corridors, structural columns etc are deducted.4HOW ARE MASONIC HALLS ASSESSED
5. FACTORS AFFECTING VALUELOCATION – In Town or Out of TownATTRACTIVE FACILITIES – Modern or older building GOOD PARKING – On-site or off-site5
6. VALUATION EXAMPLEMASONIC HALL A2 Storey building with no lift. Base Rate £25 /sq m.Ground Floor:- £Bar, lounge, function room 100 sq m @ £25 2500.00Offices, kitchen 80 sq m @ 66% £16.50 1320.00First Floor:-Lodge rooms 80 sq m @ 75% £18.75 1500.00Committee rooms 20 sq m @ 50% £12.50 250.00Basement:-Beer cellar & stores 50 sq m @25% £ 6.25 312.50 5882.50 Rateable Value £5850.00 6
7. NEW APPEALS PROCEDUREALL THIS NEEDS TO BE DONE ON LINE The client (Hall Company) needs to register with the Valuation Office Agency (VOA) You then need to claim your property.This enables you to view the detailed valuation. You can then carry out a “check” to confirm that the property details are correct or inform the Valuation Officer if any details have changed or are inaccurate. Following this you can then make a “challenge” (an appeal) If you are appointing an agent (rating adviser) you need to provide the details of the agent together with the agent’s code. The agent must be registered and have an agent code.7
8. BEWARE A check should not be lodged until the floor areas and property facts have been fully examined.The check plus any subsequent challenge is best left to your rating adviser. Transitional Relief.8
9. MASONIC HALLS - NORTH WEST RATEABLE VALUES 1.4.2010 RATEABLE VALUES 1.4.2017 HALL RV AREA BASE RATE RVBASE RATE £ SQ M £/SQ M £ £/SQ M % ChangeBryn8,800623.519.009,30020.25 6.5% increaseEccles15,750998.3921.3515,00020.25 5% decreaseHorwich8,000389.2027.507,20024.75 10% decreaseLeigh12,500708.2022.5011,25020.25 10% decreaseLeyland64,5002,349.2033.2567,00033.25 no changeLiverpool39,2502804.7022.0039,25022.00 no changeOrmskirk8,000270.9830.008,00030.00 no changePemberton11,500464.9030.0010,25027.00 10% decreaseSt Helens10,000793.0019.0010,00019.00 no changeSwinton25,2501079.5027.5022,75024.75 10% decreaseWesthoughton26,0001,167.2027.5023,50024.75 10% decreaseWidnes13,000642.9027.5013,00027.50 no change Warrington26,000998.2033.00 26,00033.00 43.5% increaseReduced on Appeal to 18,00023.0018,00023.00No Change
10. SMALL BUSINESS RATE RELIEFAvailable if your Rateable Value is less than £15,000.Providing your business only uses one property.If the 2017 Revaluation means that you no longer get relief, your bill won’t increase by more than £50 per month from 1.4.18 to 31.3.19.If your Rateable Value is £12,000 or less then you won’t pay business rates.For properties with Rateable Values of £12,001 to £15,000 the rate of relief will go down gradually from 100% to 0%.10
11. SMALL BUSINESS RATE RELIEFYou are a small business but don’t qualify for small business rate relief.If your Rateable Value is below £51,000 your bill will be calculated using the small business multiplier.Small business multiplier for 1.4.19 to 31.3.20 is 49.1p.Standard multiplier is 50.4p.EXAMPLE Rateable Value £20,000 x 50.4p = £10,080 Rateable Value £20,000 x 49.1p = £ 9,820 SAVING FOR 1.4.19 to 31.3.20 = £ 26011
12. RETAIL DISCOUNTIf your business is a shop, café, restaurant, bar or pub with a Rateable Value of less than £51,000 you may qualify for the Retail Discount.The main tests are:-It must be open to the general public.It must allow free entry.It must allow drinking without the requirement for food to be served.The Retail Discount is a 1/3rd reduction in Business Rates.Available for the 2019-2020 & 2020-2021 tax years.12