Business rates, often referred to as non-domestic rates, are a tax on businesses and other organisations that occupy commercial premises. This is an annual contribution made to the cost of services provided by local authorities and the emergency services. The charge that you pay is based upon the Rateable Value of your property which is currently assessed periodically by the Valuation Office Agency (VOA).
Following any Revaluation the VOA will publish the new Rateable Value for every commercial property across the country in a Rating List. Rates are calculated against the Rateable Value, which represents the rental value of a property, at around 43 – 45% of the Rateable Value. Business rates are therefore one of the largest overheads any organisation will have to pay.
On the 1st of April 2010, the Revaluation saw many Rateable Values rise significantly, consequently increasing property overheads for many businesses across the country
What we do
RVA Surveyors are Independent Business Rates specialists. We offer our services to commercial property owners and tenants on a No Reduction No Fee basis (NRNF). Simply put, unless there is a reduction and or rebate in your rates payable for your property there are absolutely no fees for our services. Our Independent status allows us to ensure we are only focussed on achieving reduction for our clients. We are not part of any local authority, government department or the valuation office. This allows RVA to challenge your business rates without bias giving us the best opportunity to achieve a saving for you in a very complex rating system.
The reasons and methods to achieve a reduction or rebate in Rates Payable are wide and varied and will differ based on your property type and location. They include but are not limited to; Rateable Value Reductions, potential Business Rate Reliefs & Discounts, Audits of business rates accounts, Credit Balances & Historical Errors and/or omissions. Of course we cannot guarantee you a reduction or rebate but you can be assured of our focus and determination in achieving success for you.