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.
Bradford Council is the local authority responsible for the borough of Enfield, in Greater London. Enfield business rates are charged on most non-domestic premises. This includes most commercial properties such as gift shops and warehouses, which make up the typical economy in the Enfield region.
A typically large industry is the business administration and support sector, which can also be subject to business rates in Enfield. Properties such as office buildings in the business administration and support 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.
Enfield also relies heavily on the retail sector, which helped to contribute to the borough’s overall estimated GDP (Gross Domestic Product) in 2019, of £9.4 billion. Enfield small business rates relief could apply to Enfield many businesses in the retail sector. Another large contributor to the economy in Bradford is the transport and storage industry, which represents 8.4% of roles in the borough. Your business rates in Enfield 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 Enfield. This means that unless RVA are able to find a reduction in your Enfield 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 Enfield and the rest of England and Wales.