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.
Norwich City Council is the local governing body responsible for the city of Norwich in Norfolk. There are thirteen wards, with thirty-nine elected councillors – three per ward. Norwich business rates are charged on most non-domestic premises. This includes most commercial properties such as offices and warehouses, which make up the typical economy in the Norwich region.
A typically large industry is the creative and digital sector, which can also be subject to business rates in Norwich. Properties such as warehouses and offices in the creative and digital 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.
Norwich also relies heavily on the food and drink sector, which in 2019 was identified as one of Norwich’s major growth areas. Norwich council small business rates relief could apply to many businesses in the food and drink sector. Another large contributor to the economy in Norwich is the advanced manufacturing industry, where companies with specialised equipment. Your business rates in Norwich 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 Norwich. This means that unless RVA are able to find a reduction in your Norwich 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 Norwich and the rest of England and Wales.