Updated: Business Rates Revaluation

In the Autumn Statement, the Government announced that, as a result of comments and representations made – largely by business interests – it will be changing the level of the cap on business rate rises for large businesses (those premises with a Rateable Valve greater than £100,000). The upper cap will be reduced from 45% to 42% in Year one, and from 50% to 32% in Year two. You can read the Government’s full explanation and justification here. This is a better settlement for businesses, but many still face very large increases in their business rates liability from 1 April 2017.

Along with many other organisations in London, This is Clapham BID believes that the Government’s consultation on the 2017 Business Rates Revaluation was launched too late, resulting in limited changes to the Year one arrangements, and hence the bigger reduction to the Year two cap.

The Mayor of London has estimated that businesses in London will save a net £90m over the next five years as a result of the revised arrangements, with the changes benefiting approximately 7,700 business properties in the capital.

Along with other BIDs in London, This is Clapham BID believes that it’s time that the Government takes a fundamental look at the way in which London is taxed through the non-domestic rates system, as currently London’s businesses are penalised unfairly.

We are supporters of Lambeth Council’s ongoing campaign to fight the business rates hike which will so disproportionately affect London’s businesses at a crucial time for the capital in the wake of Brexit. You can see the Lambeth campaign video below.

At this stage it is important to understand the current and proposed changes to the rateable value of the property you occupy and that the information this calculation is based on is correct. You can do this via the Government’s online portal.

https://www.tax.service.gov.uk/view-my-valuation/search

As always, if you require any further information on this subject, we are happy to help. Feel free to contact This is Clapham directly by clicking here.

Posted on 9th January 201726th July 2023 by Jeremy Keates

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Who Are We? This is Clapham is the Business Improvement District (BID) for Clapham which is a not-for-profit Company, spanning an area in Clapham High Street and Old Town, funded by a mandatory levy charged to local businesses. This is reinvested in the area through a range of activities we deliver to enhance Clapham as a place to do business, from environmental improvements to marketing and lobbying activity. The BID also seeks to act as a voice for local businesses, representing them on issues that affect them. This is Clapham BID is committed to respecting our customers’ privacy and protecting their personal information from misuse or authorised disclosure and complying with privacy laws. This is Clapham BID values its reputation and aims to maintain high ethical standards in the conduct of our business affairs. This Privacy Policy relates to our use of any personal information we collect from you via the following online services: – Our website: http://thisisclapham.co.uk/ including subscription to our newsletter – Our social media accounts: https://twitter.com/thisisclapham – Email you may send to us: info@thisisclapham.co.uk WHAT INFORMATION DO WE COLLECT? When filling in our online contact form, as appropriate, you may be asked to enter your name, company and e-mail address. We will not collect any information about you without your explicit consent. We will ask your consent every time we need to collect personal information about you. We will explain in clear simple terms why we want to collect your information and what we will do with it, before seeking your consent, so you are fully informed. You will be given a clear and unambiguous option to opt-in to any communications or services we might want to offer you. All data is collected directly from you, the individual. 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Any information you provide to us is kept in our active file for 6 months – After 6 months it is moved to a dormant state – After 12 months it is deleted from our systems We use Active records for some or all of the activities detailed in the section above – ‘What do we use your information for?’ If we have recorded no positive activity from you after 6 months your record will become dormant If there is no positive activity from you within 12 months we will delete your records Positive activity means that you open, read, interact with either the website or through any of the communication methods we use to contact you. It is our responsibility to be able to demonstrate this positive activity and if we cannot then your details will become dormant and eventually be deleted. We may from time to time request that you create an affirmative action vie email or our website to keep your record active, if we are unable to determine it automatically. YOUR RIGHTS AS AN INDIVIDUAL IN RESPECT OF THE DATA WE HOLD We respect the rights and freedoms of individuals and as such we would like to make you aware of the following. You have the right to: – Request access to your data – Request rectification of your data where there are errors or inaccuracies or the data is not current – Request that the data we hold is removed entirely from our systems – Request us to restrict processing of your data – Object to our processing of your data – Request your data in a format that is commonly used/accepted – Send your data to another controller – Withdraw consent already provided – at any time You also have the right to complain to this organisation. To exercise your rights above please contact the Data Controller or Company representative via any of the channels provided: info@thisisclapham.co.uk 0207 622 5905 You also have the right to lodge a complaint with a supervisory authority. 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