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.
Buckinghamshire Council is the local governing body responsible for the unitary authority for the ceremonial county of Buckinghamshire. Buckinghamshire business rates are charged on most non-domestic premises. This includes most commercial properties such as office buildings, which make up the typical economy in the Buckinghamshire region.
A typically large industry is the retail sector, which can also be subject to business rates in Buckinghamshire. Properties such as shops 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.
Buckinghamshire also relies heavily on the business administration and support sector, which contributed to the region’s overall estimated GDP (Gross Domestic Product) of £18 billion in 2019. Buckinghamshire business rates relief could apply to many businesses in the business administration and support sector. Another large contributor to the economy in Buckinghamshire is the professional, scientific and technical industry, where businesses account for 8.8% of the jobs in the region. Your business rates in Buckinghamshire 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 Buckinghamshire. This means that unless RVA are able to find a reduction in your Buckinghamshire 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 Buckinghamshire and the rest of England and Wales.