THE ANNOUNCEMENT BY THE GOVERNMENT THAT UK PROPERTIES MAY NOT BE REVALUED IN 2007, FOR COUNCIL TAX PURPOSES, IS NO GUARANTEE THAT WHEN THEY ARE REVALUED ( CERTAINLY BEFORE 2012 ) THE LONDONERS OLYMPIC TAX ( WHICH IS LINKED TO THE COUNCIL TAX ) WILL NOT ALSO INCREASE BEYOND THE ORIGINAL OLYMPIC TAX WHICH IS DUE TO COMMENCE IN APRIL 2006.

WITH MANY PROPERTIES FACING AT LEAST ONE BAND INCREASE, SOME TWO BANDS, AND MAYBE THREE BANDS, THE OLYMPIC LEVY MAY WELL BE INCREASED IN LINE WITH THE NEW BANDS.

NO-ONE IN AUTHORITY HAS SO FAR GIVEN ANY GUARANTEE THAT THIS WILL NOT HAPPEN. THE ONLY REPLY RECEIVED FROM AN MP ON THIS SUBJECT WAS ;- (Quote) "IT DOES NOT NECESSARILY FOLLOW THAT AN INCREASE IN THE COUNCIL TAX BAND WILL LEAD TO AN INCREASE IN THE OLYMPIC LEVY ". (Unquote) READ INTO THIS REPLY WHAT YOU WILL, ESPECIALLY THE " IT DOES NOT NECESSARILY FOLLOW"    AT LEAST HE HAD THE GOOD SENSE NOT TO SAY " TRUST ME I AM A LONDON MP ".    

SO THE OLYMPIC TAX WILL COMMENCE IN APRIL 2006, CALCULATED ON THE PRESENT PROPERTY VALUES, BUT WHAT HAPPENS WHEN PROPERTIES ARE EVENTUALLY REVALUED BEFORE THE 2012 LONDON OLYMPIC GAMES.   DO WE REMAIN ON OUR ORIGINAL AMOUNT OF OLYMPIC TAX OR WILL IT INCREASE UPWARDS TO THE NEW VALUE BAND ?

WHY NOT WRITE TO YOUR MP AND ASK HIM/HER.

THE REPLY, IF ANY, SHOULD BE INTERESTING ?  

 

     ADDITIONAL OLYMPIC TAX FOR LONDONERS    

                         ONLY FOR 10/12 YEARS

                BAND A = £13.33 - BAND B = £15.56  - 

                 BAND C = £17.70 -  BAND D = £20.00 -

                 BAND E = £24.44 -- BAND F = £28.89 -

                 BAND G = £33.33 - BAND H = £40.00 

 

            THANKS TO TESSA JOWELL AND THE  

 LONDON  LABOUR MEMBERS OF PARLIAMENT.