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.
Pendle Borough Council is the local authority responsible for the local government district and borough of Pendle, in Lancashire. It was formed in 1974, from the merger of the municipal boroughs of Nelson and Colne, the urban districts of Barnoldswick, Barrowford, Brierfield, Earby and Trawden, and from parts of Burnley Rural District, and Skipton Rural District. Pendle business rates are charged on most non-domestic premises. This includes most commercial properties such as manufacturing firms and retail shops, which make up the typical economy in the Pendle region.
A typically large industry is the business administration and support sector, which can also be subject to business rates in Pendle. Properties such as office buildings in the business administration and support 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.
Pendle also relies heavily on the retail sector, contributing to the region’s overall estimated GDP (Gross Domestic Product) of £.2.2 billion in 2019. Pendle business rates relief could apply to many businesses in the retail sector. Another large contributor to the economy in Pendle is the manufacturing industry, which represents 28.9% of roles in the area. Your business rates in Pendle 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 Pendle. This means that unless RVA are able to find a reduction in your Pendle 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 Pendle and the rest of England and Wales.