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.
Bournemouth Council is the local governing body responsible for Bournemouth in Dorset. The borough council was dissolved in 2019, and replaced by Bournemouth, Christchurch and Poole Council. Bournemouth business rates are charged on most non-domestic premises. This includes most commercial properties such as retail stores and restaurants, which make up the typical economy in the Bournemouth region.
A typically large industry is the retail sector, which can also be subject to business rates in Bournemouth. Properties such as warehouses and department stores in the retail 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.
Bournemouth also relies heavily on the financial and insurance sector, which in 2020 accounted for 10% of employment. Bournemouth council small business rates relief could apply to many businesses in the financial and insurance sector. Another large contributor to the economy in Bournemouth is the accommodation and food services industry, which accounted for 105 of the workforce in 2020. Your business rates in Bournemouth 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 Bournemouth. This means that unless RVA are able to find a reduction in your Bournemouth 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 Bournemouth and the rest of England and Wales.