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Group: Administrators
Last Login: 18 August 2008
Posts: 81, Visits: 306 |
| | It would appear that business has had its TRP assessments through the door this week. Any news and views. I noticed on another forum Deputy Charles Parkinson said the following: OK. So far this evening I have taken phone calls from two locally-owned businesses on this subject. One will see its TRP bills go up from about £120 to about £11,000. The second will see its TRP bills go up from about £250 to about £28,000 (which will put them out of business). Any news and views?
Regards Administration Teamwww.guernseychamber.com |
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Group: Administrators
Last Login: 21 August 2008
Posts: 126, Visits: 116 |
| | Mine seems to have quadrupled - Ouch ! but looking at your previous post that looks like a huge increase and I'm therefore lucky. The classification of my business is still the same and the size has increased. How does someone get the increase you talk about, has the clasification changed ??? |
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Group: Forum Members
Last Login: 05 August 2008
Posts: 33, Visits: 39 |
| Apparently it was one of the garden centres. It appears (excuse all errors and omissions) that it's got something to do with their classification? A pre existing vinery, now converted to retail means all the glass is retail? Something like that.
It may be anonomalous and may be something that T&R can work on. |
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Group: Forum Members
Last Login: 24 June 2008
Posts: 1, Visits: 10 |
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It all depends on the rate to be charged. Just because the TRP valuation figure is considerably higher than the TRV valuation it does not necessarily mean the amount paid will be proportionately higher. The rate to be charged will to be set in the next day or so during the curent States session with invoices going out early next year. |
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Group: Forum Members
Last Login: 24 July 2008
Posts: 26, Visits: 29 |
| We are all going to get hit with a double whammy next year !
Not only will we have to pay 20% Income Tax bills but also these inflationary building rates and increase Social Security.
With a worldwide credit squeeze and Oil at almost100 dollars per barrel ,it is beginning to look doubtful the Island will see any growth next year and the following.
Its not going to stop me going out there and batting for it though.
As a business man who has a diesel company car and makes a living through selling wine,Beer and spirits 2008 seems a rather expensive year for me and I suspect all of us.
Still we won't have to pay road tax Yippee. |
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Group: Forum Members
Last Login: 24 June 2008
Posts: 4, Visits: 5 |
| When I go the assessment in the post I thought it had gone up horrendously, but the value is based on msq not vergees. Also the rates are different to current ones.
I called the Cadast and they were very helpful. They explained it and told me what It would be expected to be (depending on what the house decides). It doubled but I`m not too worried, its not bad for us.
If it has risen in the magnitude Charles Parkinson states in the two cases,it is too much for retail to bear. |
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Group: Administrators
Last Login: 18 August 2008
Posts: 81, Visits: 306 |
| It may be anonomalous and may be something that T&R can work on. Here's another view. Many of these vinery converts were changed to retail on the cheap with little or no capex invested. Unlike the Checkers and Bs and Qs of the world who have invested heavily in their properties. No corporattion tax next year and not really just garden centres anymore, gift shops, books, Halloween and Easter eggs. Some might say they've got off lightly compared to other retail sites. Like all things you can exempt in to oblivion.
Regards Administration Teamwww.guernseychamber.com |
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Group: Forum Members
Last Login: 24 July 2008
Posts: 26, Visits: 29 |
| Well here we go then.So some Guernsey marginal businesses may be lost because they have to pay increased rates - TRP.
Our chancellor initially tells us these Businesses were previously possibly under paying their Rates.The fact is Income tax previously was only paid if the company made profit,this seems fair.
To burden the same business with new increased rates as compulsory,whether they make a profit or not, seems less fair in my opinion .
After all small businesses and or fledgling companies are also providing employment , a service too and may contribute more if helped.
To make them still submit a compulsory Audit to Income Tax despite being zero rated seems ludicrous.In the U.K small businesses have I understand certain exemptions from this often costly exercise.
To assist struggling local borderline companies, shouldn't they be helped and encouraged in this way too?
Perhaps just produce a basic financial statement for all companies with a small turnover,say £4 million or less for arguments sake.
Lets not kill the Goose that lays the Golden Egg now or is this just common sense,
what do you think ? |
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Group: Forum Members
Last Login: 05 August 2008
Posts: 33, Visits: 39 |
| Stuart Falla at a Chamber lunch in 2006(?) left the forum under no illusion that he expected some marginal businesses to go to the wall. Minimum wage, TRP, RPI, social security, rent reviews and wage demands, for some buinesses, will mean that non-finance businesses are going to have to look very carefully at costs.
Does Chamber Council/Executive have a view on this subject?
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Group: Administrators
Last Login: 18 August 2008
Posts: 81, Visits: 306 |
| GUERNSEY BUILDINGS B1.1 Domestic (whole unit) Local Market C 54p B1.2 Domestic (flat) Local Market C 54p B1.3 Domestic (glasshouse) Local Market C 8p B1.4 Domestic (outbuildings) Local Market C 27p B2.1 Domestic (whole unit) Open Market D 54p B2.2 Domestic (flat) Open Market D 54p B2.3 Domestic (glasshouse) Open Market D 8p B2.4 Domestic (outbuildings) Open Market D 27p B3.1 Domestic (whole unit) Social Housing F Zero B3.2 Domestic (flat) Social Housing F Zero B3.3 Domestic (glasshouse) Social Housing F Zero B3.4 Domestic (outbuildings) Social Housing F Zero B4.1 Hostelry and food outlets H £3.40 B4.2 Self-catering accommodation H £2.10 B4.3 Motor and marine trade E £2.88 B4.4 Retail E £6.28 B4.5 Warehousing E £3.10 B4.6 Industrial and workshop E £2.48 B4.7 Recreational and sporting premises E £1.44 B5.1 Utilities providers H £24.30 B6.1 Office and ancillary accommodation (regulated finance industries) E £15.95 B6.2 Office and ancillary accommodation (non-regulated finance industries) E £6.38 B7.1 Horticulture (building other than a glasshouse) C 5p B8.1 Horticulture (glasshouse) A 8p B9.1 Agriculture C 5p B10.1 Publicly owned non-do |
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