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.
Broadland Council is the local governing body responsible for the Government District of Broadland in Norfolk. Broadland district council business rates are charged on most non-domestic premises. This includes most commercial properties such as warehouses and offices, which make up the typical economy in the Broadland region.
A typically large industry is the retail sector, which can also be subject to business rates in Broadland. Properties such as 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.
Broadland also relies heavily on the financial and insurance sector, which accounts for 12.1% of employment in the Broadland area, far above the average when compared across England. Broadland district council business rates relief could apply to many businesses in the financial and insurance sector. Another large contributor to the economy in the Broadland area is the construction industry, which works with heavy machinery and the delivery of large loads. Your business rates in Broadland 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 Broadland area. This means that unless RVA are able to find a reduction in your Broadland District 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 Broadland and the rest of England and Wales.