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.
Milton Keynes Council is the local governing body responsible for the Borough of Milton Keynes. As a unitary authority, it holds the combined powers of a non-metropolitan county and a district council. The borough is divided between nineteen wards, with a total of fifty-seven councillors. Milton Keynes council business rates are charged on most non-domestic premises. This includes most commercial properties such as retail shops and warehouses, which make up the typical economy in the Milton Keynes region.
A typically large industry is the education sector, which can also be subject to business rates in Milton Keynes. Properties such as office buildings in the education 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.
Milton Keynes also relies heavily on the retail and wholesale sector, which is the sector with the overall largest percentage of employees. Milton Keynes Council business rates relief could apply to many retail and wholesale businesses in this sector. Another large contributor to the economy in Milton Keynes is the transportation industry, which works with large trucks delivering products across the UK. Your business rates in Milton Keynes 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 Milton Keynes. 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 Milton Keynes and the rest of England and Wales.