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.
Manchester City Council is the local governing body for Manchester – both the city and the metropolitan borough in Greater Manchester. The city council consists of ninety-six councillors in total. Manchester City Council business rates are charged on most non-domestic premises. This includes most commercial properties such as office buildings and retail, which make up the typical economy in the Manchester region.
A typically large industry is the creative and digital sector, which can also be subject to business rates in Manchester. Properties such as offices and studios in the creative and digital sector can be incorrectly valued as usually their use can change over many years, and 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.
Manchester also relies heavily on the financial sector which – along with the business and professional sectors – employed 324,000 people in 2016 alone. Manchester Council small business rates relief could apply to many businesses in this region. Another large contributor to the economy in Manchester is the tourism industry, which in 2018 was the third most popular city destination for tourists. Your business rates in Manchester 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 Manchester. This means that unless RVA are able to find a reduction in your 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 Manchester and the rest of England and Wales.