Business Rates (also known as non-domestic rates) are a tax levied by the government on all commercial premises. The Rateable Value of a property is set by the Valuation Office Agency (VOA) and collected by your local authority.
Babergh District Council is the local governing body responsible for the government district of Babergh, in Suffolk. It is primarily a rural area, though it does cover several towns. Babergh District business rates are charged on most non-domestic premises. This includes most commercial properties such as hotels and offices, which make up the typical economy in the Babergh region.
A typically large industry is the accommodation and food services sector, which can also be subject to business rates in Babergh. Properties such as pubs and hotels in the accommodation and food services sector can be incorrectly valued as usually their use can change over many years, and information may not have been updated with the VOA. This can have a huge impact on business running costs, as business rates can be in the top five costs for a business.
Babergh also relies heavily on the retail sector, which accounts for 4,500 jobs in the Babergh area. Babergh District business rates relief could apply to many businesses in the retail sector. Another large contributor to the economy in the Babergh area is the manufacturing industry, which represents 13.5% of roles in the region. Your business rates in Babergh can be affected by any disruption or adverse access to your property and backdated savings could apply to the beginning of the Ratings List.
RVA Surveyors offers a ‘no reduction, no fee’ service, giving reassurance to all businesses when tackling their business rates in the Babergh area. This means that unless RVA are able to find a reduction in your Babergh District business rates, there is no cost to the business. Whether commercial property owners or tenants, RVA are able to help business rates payers achieve reductions in their business rates across Babergh and the rest of England and Wales.