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.
Redbridge London Borough Council is the local authority responsible for the borough of Redbridge, in Greater London. It is one of 32 boroughs in the capital. Redbridge business rates and reliefs are placed on most non-domestic premises. This includes most commercial properties such as convenience stores and offices, which make up the typical economy in the Redbridge region.
A typically large industry is the professional, scientific and technical sector, which can also be subject to business rates in Redbridge. Properties such as office buildings in the professional, scientific and technical 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.
Redbridge also relies heavily on the retail sector, which employs around 9,000 people. Redbridge business rates relief could apply to many businesses in the retail sector. Another large contributor to the economy in Redbridge is the business administration and support industry, representing 9% of the roles in the borough’s workforce. Your business rates in Redbridge 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 Redbridge. This means that unless RVA are able to find a reduction in your Redbridge business rates or a relief, 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 Redbridge and the rest of England and Wales.