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.
Lancashire County Council is the upper-tier, local authority responsible for the non-metropolitan county of Lancashire. There are 84 councillors in total. Lancashire County business rates are charged on most non-domestic premises. This includes most commercial properties such as manufacturing firms and department stores, which make up the typical economy in the Lancashire County region.
A typically large industry is the retail sector, which can also be subject to business rates in Lancashire County. Properties such as office buildings 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.
Lancashire County also relies heavily on the accommodation and food services sector, which contributed to an estimated GDP (Gross Domestic Product) worth of £33 billion in 2019 for the region. Lancashire County business rates relief could apply to many businesses in the accommodation and food services sector. Another large contributor to the economy in Lancashire County is the manufacturing industry, which works with heavy machinery and lorry’s making deliveries across the UK. Your business rates in Lancashire County 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 Lancashire County. This means that unless RVA are able to find a reduction in your Lancashire County 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 Lancashire County and the rest of England and Wales.