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.
The East Hampshire District Council is the local governing body responsible for the local government district of East Hampshire. East Hampshire District council 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 East Hampshire region.
A typically large industry is the wholesale and retail sector, which can also be subject to business rates in East Hampshire. Properties such as office buildings and warehouses in the wholesale and retail sector can be incorrectly valued as usually their use may change over many years, and information will 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.
East Hampshire also relies heavily on the real estate sector, which contributed £5.6 billion of Hampshire’s total Gross Value Added (GVA) in 2020. East Hampshire District Council business rates relief could apply to many businesses in the real estate sector. Another large contributor to the economy in East Hampshire is the tourism industry, which generates £3.3 billion for the economy. Your business rates in East Hampshire 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 East Hampshire. 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 East Hampshire and the rest of England and Wales.