Crossrail Business Rate Supplement - Proposed Policies for 2011-12

The Mayor has now agreed the proposed policies for the Crossrail Business Rate Supplement BRS for 2011-12 (see Mayoral Decision No 755 on the Mayor's website: http://www.london.gov.uk/who-runs-london/mayor/mayoral-decisions/md755)

The policies for the BRS in 2011-12 are identical to those for 2010-11 i.e.

• The Crossrail BRS will apply for the full 2011-12 financial year across the entire GLA area;
  
  
• The Crossrail BRS multiplier (or tax rate) shall be set at 2p per pound of rateable value in the 2011-12 financial year;
  
  
• The rateable value threshold above which the Crossrail BRS shall apply in the 2011-12 financial year shall be set at £55,000;
  
  
• Any reliefs for the Crossrail BRS will continue to apply on the same basis at the same percentage rate as for National Non Domestic Rates (NNDR) having regard to the local discretionary relief policies in place in the 33 London NNDR billing authorities;
  
  
• Section 45 ratepayers (that is, those owning or entitled to occupy empty properties) will not be exempt from the Crossrail BRS as a class. The same automatic empty property reliefs will apply, however, at the same percentage rate to the Crossrail BRS as for NNDR; and
  
  
• The GLA will not exercise its powers under section 16 of the BRS Act to apply an offset for eligible ratepayers liable to pay a levy towards a Business Improvement District.

View documentation on the Crossrail Business Rate Supplement