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.
Coventry City Council is the local governing body responsible for the City of Coventry, which became a metropolitan district in 1974. Coventry 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 Coventry region.
A typically large industry is the technology and media sector, which can also be subject to business rates in Coventry. Properties such as offices in the technology and media 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.
Coventry also relies heavily on the health and life sciences industry, which was recently ranked as the regions fastest-growing sector. Coventry City Council business rates relief could apply to many businesses in the health sector. Another large contributor to the economy in Coventry is the manufacturing industry, which has a long tradition of focusing on automotive manufacturing. Your business rates in Coventry 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 Coventry. 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 Coventry and the rest of England and Wales.