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.
Hyndburn Borough Council is the local governing body responsible for Hyndburn, in Lancashire. Hyndburn council business rates are charged on most non-domestic premises. This includes most commercial properties such as shops and warehouses, which make up the typical economy in the Hyndburn region.
A typically large industry is the wholesale sector, which can also be subject to business rates in Hyndburn. Properties such as warehouses in the wholesale 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.
Hyndburn also relies heavily on the manufacturing sector, which contributed to the overall GDP (Gross Domestic Product) of £1.7 billion in 2019 in the Hyndburn area. Hyndburn council business rates relief could apply to many businesses in the economy sector. Another large contributor to the economy in the Hyndburn area is the retail industry, which accounts for 18.1% of employment. Your business rates in Hyndburn 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 Hyndburn area. This means that unless RVA are able to find a reduction in your Hyndburn 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 Hyndburn and the rest of England and Wales.