Business Rate bills to fall in the south east

GOVERNMENT confirms majority of business rate bills will fall in the South East: Article reproduced from News Distribution Services for the COI.

The majority of business rate bills in the South East ? more than one hundred thousand ? will fall next year as a result of revaluation, the Government confirmed today.

The Government will not collect a penny more of extra revenue as a result of the 2010 revaluation. Regular revaluations ensure the rate each business pays is fair and reflects changes in the relative value of property over time.

The final arrangements for calculating new business rate bills were published yesterday (17/11/09). Most business properties in the South East (68 per cent) will see falls in their rate bills next year following revaluation.

For the minority paying more, the Government is putting in place a