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.
North West Leicestershire Council is the local authority responsible for the government district of North West Leicestershire. North West Leicestershire business rates are charged on most non-domestic premises. This includes most commercial properties such as office buildings and warehouses, which make up the typical economy in the North West Leicestershire region.
A typically large industry is the wholesale sector, which can also be subject to business rates in North West Leicestershire. Properties such as office buildings and warehouses in the wholesale 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.
North West Leicestershire also relies heavily on the transport and storage sector, which represents 23.2% of roles in the workforce in the region. North West Leicestershire business rates relief could apply to many businesses in the transport and storage sector. Another large contributor to the economy in North West Leicestershire is the manufacturing industry, which works with heavy machinery and lorry’s making deliveries across the UK. Your business rates in North West 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 North West Leicestershire. This means that unless RVA are able to find a reduction in your North West 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 North West Leicestershire and the rest of England and Wales.