Leicestershire 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.

Leicestershire County Council is the local authority responsible for the non-metropolitan county of Leicestershire. It was originally formed in 1889 by the Local Government Act 1888. Leicestershire business rates are charged on most non-domestic premises. This includes most commercial properties such as manufacturing firms and offices, which make up the typical economy in the Leicestershire region.

A typically large industry is the transport and storage sector, which can also be subject to business rates in Leicestershire. Properties such as office buildings and warehouses in the transport and storage 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.

Leicestershire also relies heavily on the professional, scientific and technical sector, contributing to the estimated overall GDP (Gross Domestic Product) of £20 million in 2019 for the region. Leicestershire business rates relief could apply to many businesses in the professional, scientific and technical sector. Another large contributor to the economy in Leicestershire is the manufacturing industry, which works with heavy machinery and lorry’s making deliveries across the UK. Your business rates in Leicestershire 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 Leicestershire. This means that unless RVA are able to find a reduction in your Leicestershire 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 Leicestershire and the rest of England and Wales.

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Leicestershire County July 5, 2022