MagicStar Posted September 30, 2016 Posted September 30, 2016 The government have today released draft 2017 figures for business rates. Our rateable value has rocketed by exactly 250% !!! You can search yours here: https://www.tax.service.gov.uk/view-my-valuation/search
Stargrower Posted September 30, 2016 Posted September 30, 2016 Just checked mine and it stays exactly the same as this year. I don't understand why yours would have gone up so much MagicStar???
Mouseketeer Posted September 30, 2016 Posted September 30, 2016 Nothing comes up for our postcode or street name/town ...maybe ours will be free ;-p 2
FSFRebecca Posted September 30, 2016 Posted September 30, 2016 Our local nursery's has gone up by about 250% £13,000 to £30,000 That means that the estimated annual bill will rise by about £60 a month ....
MagicStar Posted September 30, 2016 Author Posted September 30, 2016 Stargrower, we are in the south east, so we must be rich! Shame nobody told the government, as we are getting £3.96 per hour for EYFE! https://www.ft.com/content/0ccc9750-86e9-11e6-bcfc-debbef66f80e
MagicStar Posted September 30, 2016 Author Posted September 30, 2016 Our local nursery's has gone up by about 250% £13,000 to £30,000 That means that the estimated annual bill will rise by about £60 a month .... That's just the first year where there is Transitional relief. By my calculations, once the Transitional Releif period has ended and the rates have scaled up to the full rate, that nursery will be paying a whopping £680 Per month ON TOP of what they are currently paying! This is going to be crippling.
Stargrower Posted September 30, 2016 Posted September 30, 2016 (edited) Are they making these huge increases to take nurseries above the planned £15000 exemption? Our rateable value is just below the threshold so I'm really hoping it stays that way. I currently pay £630 a month. I'm in East Anglia. Edited September 30, 2016 by Stargrower
MagicStar Posted September 30, 2016 Author Posted September 30, 2016 Are they making these huge increases to take nurseries above the planned £15000 exemption? I wouldn't put it past them!
lynned55 Posted October 1, 2016 Posted October 1, 2016 250% increase is criminal! Can you imagine if private landlords increased rents by that much or food costs rose by that level. 2
emasi8624 Posted October 2, 2016 Posted October 2, 2016 Luckily mine has not bona up by that much, but very frustrating that it has now gone up to £15,250 meaning I am just over the threshold. I knew this would happen
MagicStar Posted October 2, 2016 Author Posted October 2, 2016 Emasi8624, put in an appeal. You're never know.
Stargrower Posted October 3, 2016 Posted October 3, 2016 Clever isn't it? It made the Chancellor look so good giving so many childcare providers and break and making them exempt. Then a few months later increasing their rateable value to just above the threshold. We are just under at the moment so I'm sure we will go up too. :angry: 1
FSFRebecca Posted October 3, 2016 Posted October 3, 2016 The NDNA have issued a press release about this - NDNA business rates press release
Stargrower Posted October 3, 2016 Posted October 3, 2016 No mention of the exemption from April 17 though...
BroadOaks Posted October 5, 2016 Posted October 5, 2016 We have been lucky then with a 15% rise, I feel blessed!!! Role up April.. ohh wait Living wage increases again then!! it never stops!
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