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.
Redditch Borough Council is the local authority responsible for the non-metropolitan district, which is centred on the town of Redditch. Redditch 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 Redditch region.
A typically large industry is the wholesale sector, which can also be subject to business rates in Redditch. Properties such as office buildings and warehouses in the wholesale 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.
Redditch also relies heavily on the retail sector, which represents 9.9% of the roles in the region’s workforce. Redditch business rates relief could apply to many businesses in the retail sector. Another large contributor to the economy in Redditch is the manufacturing industry, which works with heavy machinery and lorry’s making deliveries across the UK. Your business rates in Redditch 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 Redditch. This means that unless RVA are able to find a reduction in your Redditch 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 Redditch and the rest of England and Wales.