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.
Nottinghamshire County Council is the upper-tier, local authority responsible for the non-metropolitan county of Nottinghamshire. Nottinghamshire County business rates are charged on most non-domestic premises. This includes most commercial properties such as manufacturing firms and warehouses, which make up the typical economy in the Nottinghamshire County region.
A typically large industry is the construction sector, which can also be subject to business rates in Nottinghamshire County. Properties such as office buildings and warehouses in the construction 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.
Nottinghamshire County also relies heavily on the retail sector, which contributed to the overall estimated GDP (Gross Domestic Product) of £19 billion in 2019 for the region. Nottinghamshire County business rates relief could apply to many businesses in the retail sector. Another large contributor to the economy in Nottinghamshire County is the manufacturing industry, which works with heavy machinery and lorry’s making deliveries across the UK. Your business rates in Nottinghamshire County 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 Nottinghamshire County. This means that unless RVA are able to find a reduction in your Nottinghamshire County 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 Nottinghamshire County and the rest of England and Wales.