The business rates that you pay each year increase by the RPI inflation rate for the September before the new rates become payable. The September RPI has just been announced at 4.6%. This inflation rate would give us a 2011/12 rates multiplier of 42.6p (England & Scotland) and 42.8p (Wales) although Government may set a different figure. The multiplier is currently 41.4p.
This is well in excess of the 2% increase that many people have been budgeting for.
Don’t get a shock in March next year - feel free to contact me for an updated, accurate figure for your rates liability for 2011/12 based on the new rates multiplier. As soon as the multiplier is confirmed in the new year I will get in touch with you again to ensure that your budgets are correct.
And if you haven’t done so already speak to me about how you can reduce this liability permanently!
Fiona Kelly - fkelly@dohertybaines.com
Tel: 020 7355 3033
Posts
No comments:
Post a Comment