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.
Bexley London Borough Council is the local governing body responsible for the London borough of Bexley, in Greater London. Bexley business rates are charged on most non-domestic premises. This includes most commercial properties such as retail stores and warehouses, which make up the typical economy in the Bexley region.
A typically large industry is the transport and storage sector, which can also be subject to business rates in Bexley. Properties such as warehouses in the transport and storage 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.
Bexley also relies heavily on the retail sector, accounting for 11.8% of the roles in the workforce. Bexley council small business rates relief could apply to many businesses in the retail and leisure sector. Another large contributor to the economy in Bexley is the business administration and support industry, which is responsible for 8,000 jobs in the area. Your business rates in Bexley 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 Bexley. This means that unless RVA are able to find a reduction in your Bexley 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 Bexley and the rest of England and Wales.