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.
Eastleigh Council is the local governing body responsible for the local government district and borough of Eastleigh in Hampshire. Eastleigh business rates are charged on most non-domestic premises. This includes most commercial properties such as hotels and warehouses, which make up the typical economy in the Eastleigh region.
A typically large industry is the manufacturing sector, which can also be subject to business rates in Eastleigh. Properties such as offices and warehouses in the manufacturing 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.
Eastleigh also relies heavily on the retail sector, which contributed to GDP (Gross Domestic Product) growth of 4.2% 2018 and 2019 in the Eastleigh area. Eastleigh business rates relief could apply to many businesses in the retail sector. Another large contributor to the economy in the Eastleigh area is the professional, scientific and technical industry, which accounts for 8,000 jobs in the area. Your business rates in Eastleigh 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 Eastleigh area. This means that unless RVA are able to find a reduction in your Eastleigh 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 Eastleigh and the rest of England and Wales.