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.
Bristol City Council is the local governing body responsible for the city of Bristol. As a unitary authority, it has the combined powers of a district council and a non-metropolitan county. However it is unusual as the council’s executive function is controlled by a directly elected mayor. Bristol City council business rates are charged on most non-domestic premises. This includes most commercial properties such as offices and warehouses, which make up the typical economy in the Bristol region.
A typically large industry is the engineering sector, which can also be subject to business rates in Bristol. Properties such as warehouses in the engineering 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.
Bristol also relies heavily on the creative media sector, as the city is home to several major news offices. Bristol council business rates relief could apply to many businesses in the creative media. Another large contributor to the economy in Bristol is the science and technology industry, with several major hubs settling in the city. Your business rates in Bristol 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 Bristol. This means that unless RVA are able to find a reduction in your Council 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 Bristol and the rest of England and Wales.