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.
Croydon London Borough Council is the local authority responsible for the borough of Croydon, in Greater London. It is one of thirty-two boroughs in the capital. Croydon business rates are charged on most non-domestic premises. This includes most commercial properties such as accounting firms and gift shops, which make up the typical economy in the Croydon region.
A typically large industry is the financial and insurance sector, which can also be subject to business rates in Croydon. Properties such as office buildings in the financial and insurance 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.
Croydon also relies heavily on the retail sector, of which represents 13.2% of the jobs in this area. Croydon small business rates relief could apply to many businesses in the retail sector. Another large contributor to the economy in Croydon is the professional, scientific and technical industry, which accounts for 13,000 jobs in the borough. Your business rates in Croydon 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 Croydon. This means that unless RVA are able to find a reduction in your Croydon 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 Croydon and the rest of England and Wales.