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.
Hammersmith and Fulham London Borough Council is the local governing body responsible for the borough of Hammersmith and Fulham, in Greater London. Hammersmith and Fulham business rates are charged on most non-domestic premises. This includes most commercial properties such as retail stores and offices, which make up the typical economy in the Hammersmith and Fulham region.
A typically large industry is the retail sector, which can also be subject to business rates in Hammersmith and Fulham. Properties such as gift shops in the retail 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.
Hammersmith and Fulham also relies heavily on the information and communication sector, which accounts for 13.7% of roles in the borough. Hammersmith and Fulham business rates relief could apply to many businesses in the information and communication sector. Another large contributor to the economy in Hammersmith and Fulham is the business administration and support industry, which contributed to the overall estimated GDP (Gross Domestic Product) of £12 billion in 2019. Your business rates in Hammersmith and Fulham 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 Hammersmith and Fulham. This means that unless RVA are able to find a reduction in your Hammersmith and Fulham 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 Hammersmith and Fulham and the rest of England and Wales.