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.
Durham County Council is the local governing body responsible for the area of County Durham. It is a unitary authority. Durham County council business rates are charged on most non-domestic premises. This includes most commercial properties such as office buildings and warehouses, which make up the typical economy in the Durham region.
A typically large industry is the construction sector, which can also be subject to business rates in Durham. Properties such as warehouses in the construction 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.
Durham also relies heavily on the leisure and hospitality sector, which in2021 recorded 41,000 in employment. Durham County council business rates relief could apply to many businesses in the leisure and hospitality sector. Another large contributor to the economy in Durham is the financial industry. Your business rates in Durham 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 Durham County. 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 Durham and the rest of England and Wales.