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.
Broxtowe Borough Council is the local governing body responsible for the government district – with borough status – of Broxtowe, in Nottinghamshire. Broxtowe 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 Broxtowe region.
A typically large industry is the professional, scientific and technical sector, which can also be subject to business rates in Broxtowe. Properties such as office buildings in the professional, scientific and technical 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.
Broxtowe also relies heavily on the manufacturing sector, which accounts for 13.7% of the roles in the region. Broxtowe small business rates relief could apply to many businesses in the manufacturing sector. Another large contributor to the economy in Broxtowe is the retail industry, where companies account for 12.3% of jobs. Your business rates in Broxtowe 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 Broxtowe. This means that unless RVA are able to find a reduction in your Broxtowe 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 Broxtowe and the rest of England and Wales.