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.
Oadby and Wigston Council is the local authority responsible for the local government district and borough of Oadby and Wigston, in Leicestershire. It was formed in 1974 after the merger of the Oadby urban district and the Wigston urban district. Oadby and Wigston 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 Oadby and Wigston region.
A typically large industry is the retail sector, which can also be subject to business rates in Oadby and Wigston. Properties such as office buildings and shops in the retail 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.
Oadby and Wigston also relies heavily on the wholesale sector, which accounts for 7.8% of the workforce. Oadby and Wigston business rates relief could apply to many businesses in the wholesale sector. Another large contributor to the economy in Oadby and Wigston is the manufacturing industry, which works with heavy machinery and lorry’s making deliveries across the UK. Your business rates in Oadby and Wigston 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 Oadby and Wigston. This means that unless RVA are able to find a reduction in your Oadby and Wigston 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 Oadby and Wigston and the rest of England and Wales.