View Top 10 business rates liabilities in a full screen map
The government is the surprise loser in business rates, with the highest rates liability in a building under single occupancy in London, and probably the UK. On a building-by-building basis, the Home Office’s 2 Marsham Street, SW1, has the highest rate liability in the capital at £12.5m, according to data compiled for EG by Daniel Watney. The industry has been lobbying for reform of the tax since the government delayed revaluation in 2012.
The Home Office sits ahead of some of the major banks, including landmark properties in Canary Wharf such as Citigroup and HSBC as well as the home of luxury, Harrods.
The BBC and Ministry of Defence also made the top 10 with a combined rate liability in excess of £20m. In total, London’s top 10 rated buildings will raise over £109m for the Treasury in 2014-15.
Debbie Warwick, head of rating at Daniel Watney, said: “Any moves to overhaul the system won’t happen quickly, particularly with an election in the way and any reviews designed to be cash-neutral for the government, which raises more than £26bn annually from this tax with very low collection costs.”
View the top ten, and extra eclectic locations such as the most expensive club, Buckingham Palace and London zoo below. The list below is best viewed in full screen. Click on the full screen button in the bottom left hand side to access this. Click on the arrow keys to navigate the list.
Picture credit: Doug Wheller on Flickr and Rex Features
