values were published back in October 2009 and business ratepayers can access them online to check their details.
This, in turn, will help the overall regeneration process - and create more rateable
Effectively, a property's rateable
value is set by its rental value at a statutory valuation date.
A Freedom of Information request by the party reveals that more than 3,000 businesses with a rateable
value of under PS10,000 had liability orders issued against them for non-payment over the past three years.
The High Court has upheld last year''s decision in the case of Sunderland City Council v Stirling Investment Properties LLP by finding that the presence of a Bluetooth messaging device was enough to constitute "rateable
occupation" for the purposes of securing a rate-free period.
MOST business occupiers will have received a "summary valuation" which sets out how the Valuation Office Agency (VOA) has calculated the 2010 rateable
value for their premises from April, 2010.
Speaking at a House of Commons reception organised by the Business Centre Association to keep up pressure on government to maintain the pounds 15,000 rateable
value (RV) threshold for EPR, Mr Wilson said he would be pressing for it to be written into the statute books or "at the least maintained for another year".
'It will be a bit of help for us.' Thousands of shops will benefit: Businesses with a rateable
value of under pounds 2,000 will receive an automatic 50 per cent off their rates.
Mr Clapham, a director in the rating department of commercial property consultancy Lambert Smith Hampton, says most Rateable
Value Assessments have been increased substantially following the general Rating Revaluation, but many could be inaccurate.
The city's Labour group leader Cllr John Mutton says the reductions will apply to businesses occupying only one premises, with a rateable
value of under pounds 10,000.