Hinckley and Bosworth Business Rates

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.

Hinckley and Bosworth Council is the local authority responsible for the local government district, with borough status, of Hinckley and Bosworth, in the south-west of Leicestershire. Hinckley and Bosworth business rates are charged on most non-domestic premises. This includes most commercial properties such as manufacturing firms and warehouses, which make up the typical economy in the Hinckley and Bosworth region.

A typically large industry is the professional, scientific and technical sector, which can also be subject to business rates in Hinckley and Bosworth. Properties such as office buildings and warehouses 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.

Hinckley and Bosworth also relies heavily on the manufacturing sector, which contributed to the region’s 2.2% growth in GDP (Gross Domestic Product) per year in 2018 and in 2019. Hinckley and Bosworth business rates relief could apply to many businesses in the manufacturing sector. Another large contributor to the economy in Hinckley and Bosworth is the transport and storage industry, which represents 9.2% of the workforce. Your business rates in Hinckley and Bosworth 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 Hinckley and Bosworth. This means that unless RVA are able to find a reduction in your Hinckley and Bosworth 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 Hinckley and Bosworth and the rest of England and Wales.

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Hinckley and Bosworth July 5, 2022