Barnet Business Rates

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.

Barnet London Borough Council is the local authority responsible for the borough of Barnet, in Greater London. Barnet business rates are charged on most non-domestic premises. This includes most commercial properties such as offices and gift shops, which make up the typical economy in the Barnet region.

A typically large industry is the business administration and support sector, which can also be subject to business rates in Barnet. Properties such as office buildings in the business administration and support 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.

Barnet also relies heavily on the retail sector, of which represents 12.2% of the roles in the borough. Barnet small business rates relief could apply to many businesses in the retail sector. Another large contributor to the economy in Barnet is the professional, scientific and technical industry, representing 9.2% of the jobs in the area. Your business rates in Barnet 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 Barnet. This means that unless RVA are able to find a reduction in your Barnet 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 Barnet and the rest of England and Wales.

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Barnet July 1, 2022