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.
Reading Borough Council is the local governing body responsible for the Borough of Reading. It is a unitary authority – this means that it holds the combined powers of a non-metropolitan county and a district council. Reading Borough council business rates are charged on most non-domestic premises. This includes most commercial properties such as department stores and offices, which make up the typical economy in the Reading region.
A typically large industry is the manufacturing sector, which can also be subject to business rates in Reading. Properties such as warehouses in the manufacturing 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.
Reading also relies heavily on the retail sector, with Reading’s largest shopping centre, The Oracle, pulling in on average fifteen million visitors a year. Reading Borough Council business rates relief could apply to many businesses in the retail sector. Another large contributor to the economy in Reading is the construction industry, which works with heavy machinery. Your business rates in Reading 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 Reading. This means that unless RVA are able to find a reduction in your Council 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 Reading and the rest of England and Wales.