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.
Cambridgeshire County Council is the local governing body responsible for the county council of Cambridgeshire. The council consists of 61 councillors, representing between them 59 electoral divisions. Cambridgeshire 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 Cambridgeshire region.
A typically large industry is the administrative and support services sector, which can also be subject to business rates in Cambridgeshire. Properties such as office buildings in the administrative and support services 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.
Cambridgeshire also relies heavily on the professional, scientific and technical sector, which surely contribute to the 3.3% GDP (Gross Domestic Product) growth in 2019 and 2019 in the Cambridgeshire area. Cambridgeshire business rates relief could apply to many businesses in the professional, scientific and technical sector. Another large contributor to the economy in the Cambridgeshire area is the manufacturing industry, which represents 8.4% of employment in the region. Your business rates in Cambridgeshire 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 Cambridgeshire area. This means that unless RVA are able to find a reduction in your Cambridgeshire 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 Cambridgeshire and the rest of England and Wales.