Birmingham news and blogs Wednesday 13 April 2016
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Taxing business

12 Mar 16

Birmingham city council are unlikely to receive as much rental income as expecetd, warns Alan Clawley.

Business Rates are the equivalent of Council Tax for non-domestic buildings such as shops, offices, pubs, warehouses. They are based on the Rateable Value of the property which is set by the Valuation Office Agency every five years. The RV is based on the Open Market Rental value but takes other factors into account such as whether the property…

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