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.
Ipswich Borough Council is the local governing body responsible for the non-metropolitan borough of Ipswich in Suffolk. Ipswich business rates are charged on most non-domestic premises. This includes most commercial properties such as department stores and warehouses, which make up the typical economy in the Ipswich Borough region.
A typically large industry is the administration and support services sector, which can also be subject to business rates in Ipswich. Properties such as office buildings in the administration and support services 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.
Ipswich also relies heavily on the retail sector, which represents 9.9% of employment in the Ipswich area. Ipswich business rates relief could apply to many businesses in the retail sector. Another large contributor to the economy in the Ipswich area is the finance and insurance industry, which accounts for 5,000 jobs in the area. Your business rates in Ipswich 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 Ipswich Borough area. This means that unless RVA are able to find a reduction in your Ipswich 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 Ipswich Borough and the rest of England and Wales.