About Percentage
In mathematics, a percentage is a number or ratio expressed as a fraction of 100. It is often denoted using the percent sign, "%", or the abbreviations "pct. ", "pct"; sometimes the abbreviation "pc" is also used. A percentage is a dimensionless number.
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... Which areas of the income lost to empty units? a Percentage (%) of the potential business rates for the income lost 2014-2018note: a Percentage of the gross rates payable source: MHCLGelsewhere, with the collapse of the large enterprises can significantly reduce relief, the municipal income through the empty rooms...
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Empty business rates relief 'cost£1 billion'
Julie Fletcher , founded Middlesbrough-shop-Pie-Jackers, is concerned about The High level of their Rates bill
Blank company the British taxpayer the cost of £1 billion per year, prompting calls for urgent reform of The System .
Some of the councils lose millions of pounds of potential business Rates Income through a tax relief on empty properties, the BBC's analysis shows.
A local authority, the said mayor in the North of England, was The Money "a lot", and The System is unfair.
The Ministry of Finance said it would announce a review of business Rates "in due course".
experts say that the current system is the pits of The Local authorities - want the stability of earnings against the company.
What are The Business Rates ?
Business Rates are similar to council tax for The Business properties. They are paid by companies, or landlords, if a property is empty.
the councils currently hold approximately 50% of The Business Rates in your area, but it is expected that 75% by 2021. The revised System is The Local authorities "".
the Rates do not have to be paid on empty shops for three months, as if businesses close or move.
Andy Preston said business Rates is unfair,Andy Preston , the independent mayor of Middlesbrough, said: "There is a window where we lose money and that adds up to a lot, so we do what we can to ensure that we can get, company.
"We are trying to bring people into the city to work here, live for leisure, but it is a great fight, and what is worse, an unfair fight.
"We need a much fairer system from the Central government. "
AnalysisDavid Rhodes , Political correspondent
councils across the country are caught between a rock and a hard place.
The Rock is that many of The Local high streets and business Rates is just one of the reasons for this are die fighting why retailers.
But the hard point is that business Rates generate spend around £25bn a year for The Local government.
While Some councils would like to see business Rates reformed, or even abolished, many also see a fear of a fundamental review of The Business Rates system, could, as you will lose an important source of revenue for financing local services.
"We fear the' need more support '"
Julie Fletcher you may have to argue Pie Jackersclose Some of the smaller companies, the Rates system should be reformed in order to reduce the cost.
Pie Jackers owner in Middlesbrough Julie Fletcher said, she has her "heart and soul" into The Business , but it can be closed, due to an "astronomical" prices.
"It is a massive effect, it will stop us employed a different person, and said we just feel like there should be more support," She Said .
Dr. Kevin Muldoon-Smith, a lecturer in public sector, financial and Real Estate development at Northumbria University , said: "Unfortunately, we have the perverse situation, in The Local government, the taxes must go up and The Business world are lobbying very hard for them. "
Which areas of the Income lost to empty units?a Percentage (%) of the potential business Rates for the Income lost 2014-2018
note: a Percentage of the gross Rates payable source: MHCLGelsewhere, with the collapse of the large enterprises can significantly reduce relief, the municipal Income through the empty rooms.
the collapse of The SSI steel plant in Redcar and Cleveland in the year 2015 led to a loss in business Rates of around £10m.
Around £3m was by The Council as part of a government "safety net" rescue package, but The Local authority was still to go before millions of pounds of Income and no prices on the Website are lost.
The municipal Council has calculated that the closure will see that it is up to 2025.
The former steel plant in Redcar closed in the year 2015, costs £rules 10m in lost business Ratesto business Rates differ in Scotland and Wales. Empty rooms cost an estimated £26m in Wales.
In Scotland, up to one in 10 business premises receive an empty space in the buzz of relief, of £82m over the country.
you may also be interested in:Our analysis of business Rates in England:
and Where are the empty rooms?Lost business Rates Income from empty properties 2014-2018
note: the percentages are the proportion of gross-to-pay prices. Wales figure is from the forecast with the estimates. Source: MHCLG (Rates collected), stats Wales (estimate)Professor Paul Greenhalgh , said the research in Real Estate and regeneration at Northumbria University , short-term relief could also show Some of the companies Expansion into other premises.
councillor Richard Watts, the Chairman of The Local Government Association's Resources Board, said business Rates were "a very important source of Income for The Local government at a time when you are with a total funding gap of £8bn by 2025.
"The government must commit to move forward with important reforms, said the tackle business Rates avoidance, and the influence of the relief, such as empty premises relief," he said.
This Week , because they depend on the landlord figures on empty shops in the facilitation of the delivery.
A Treasury spokesman said: "Empty property relief will not create a balance between incentives for property owners to use empty objects, while punishing those who lose a tenant in the short term. "
He said The System had been designed to distribute Rates Income according to the needs of The Local areas.
The shared data unit, the data journalism to news organisations in the whole of the media industry, as part of a partnership between the BBC and the News Media Association.
For more information on the methodology For the complete set of data, read more about the.
middlesbrough, local government association, uk high streets, business rates
Source of news: bbc.com
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