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.
Nuneaton and Bedworth Council is the local governing body responsible for the Government District with Borough status, of Nuneaton and Bedworth in Northern Warwickshire. Nuneaton business rates are charged on most non-domestic premises. This includes most commercial properties such as department stores and warehouses, which make up the typical economy in the Nuneaton region.
A typically large industry is the transport and storage sector, which can also be subject to business rates in Nuneaton. Properties such as offices and warehouses in the transport and storage 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.
Nuneaton also relies heavily on the manufacturing sector, which contributed to a 4.1% GDP (Gross Domestic Product) growth per year in 2018 and 2019 in the Nuneaton area. Nuneaton business rates relief could apply to many businesses in the manufacturing sector. Another large contributor to the economy in the Nuneaton area is the retail industry, which accounts for 4,000 jobs in the area. Your business rates in Nuneaton 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 the Nuneaton area. This means that unless RVA are able to find a reduction in your Nuneaton 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 Nuneaton and the rest of England and Wales.