Crossrail business rate supplement
Funding for Crossrail
In April 2010, the Mayor introduced a levy of 2p on non-domestic properties with a rateable value of over £55,000 in London. This will help pay for Crossrail, a vital new east-west train link that will provide a major boost to London's economy.
The GLA is expected to contribute around £4.1bn of its agreed contribution to the £15.9 billion Crossrail project using income generated from a new business rates supplement (BRS). Powers were granted to the GLA to introduce this under the 2009 Business Rates Supplements Act. The policies for the Crossrail BRS are set out in the final prospectus below and are unchanged for the financial year commencing on 1 April 2011.
Less than one in five of London's business and other non domestic premises are liable to pay the Crossrail BRS. Under the Crossrail BRS a ratepayer for a property (or rating assessment) with a rateable value of £100,000 is liable for an annual BRS contribution of £2,000 (ie £100,000 x the 2p in the pound BRS multiplier). Reliefs for the BRS (eg for registered charities) will apply on the same basis and at the same rate as for National Non Domestic Rates.
The Crossrail BRS is collected on behalf of the GLA by the 32 London boroughs and the City of London Corporation on the same bills as general business rates (NNDR).
General enquiries about the BRS can be made by email to: crossrail-brs@london.gov.uk or by calling 020 7983 4100.
Rateable values used to calculate BRS payments
In 2011-12 the Crossrail BRS will be calculated based on rateable values for each hereditament introduced in April 2010. These can be checked at www.voa.gov.uk/2010.
Crossrail BRS documents
Final Prospectus
The final prospectus was published on 29 January 2010. The final prospectus and Q&A are attached below:
CrossrailBRS Final prospectus PDF
CrossrailBRS Final prospectus RTF
Crossrail BRS final questions and answers PDF
Crossrail BRS final questions and answers RTF
Non domestic ratepayers in London will receive the following communication about the Crossrail BRS with their 2011-12 rates bills
2011-12 Ratepayer Communication PDF
2011-12 Ratepayer Communication RTF
The GLA published its initial proposals in July 2009. It invited comments on the proposals by 22 October and took these into account in developing the final proposals.
Crossrail BRS Initial Prospectus PDF
Crossrail BRS Initial Prospectus RTF
