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.
Fareham Borough Council is the local governing body responsible for the Government District and Borough of Fareham in Hampshire. The borough covers much of the semi-urban area between Southampton and Portsmouth. Fareham council 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 Fareham region.
A typically large industry is the professional, scientific and technical sector, which can also be subject to business rates in Fareham. Properties such as offices in the professional, scientific and technical 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.
Fareham also relies heavily on the manufacturing sector, which accounts for 9.3% of employment in the Fareham area. Fareham borough council business rates relief could apply to many businesses in the manufacturing sector. Another large contributor to the economy in the Fareham area is the retail industry, which employs approximately 4,500 people. Your business rates in Fareham 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 Fareham area. This means that unless RVA are able to find a reduction in your Fareham Borough 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 Fareham and the rest of England and Wales.