Ribble Valley Business Rates

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.

Ribble Valley Council is the local authority responsible for the local government district – with borough status – of Ribble Valley, in the non-metropolitan county of Lancashire. Ribble Valley business rates are charged on most non-domestic premises. This includes most commercial properties such as manufacturing firms and restaurants, which make up the typical economy in the Ribble Valley region.

A typically large industry is the retail sector, which can also be subject to business rates in Ribble Valley. Properties such as department stores and warehouses in the retail 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.

Ribble Valley also relies heavily on the accommodation and food services sector, which represents 10% of the roles in the region. Ribble Valley business rates relief could apply to many businesses in the accommodation and food services sector. Another large contributor to the economy in Ribble Valley is the manufacturing industry, which represents 26.7% of the roles in the region’s workforce. Your business rates in Ribble Valley 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 Ribble Valley. This means that unless RVA are able to find a reduction in your Ribble Valley 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 Ribble Valley and the rest of England and Wales.

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Ribble Valley July 5, 2022