Runnymede 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.

Runnymede Borough Council is the local authority responsible for the local government district – with borough status – of Runnymede, in Surrey. Runnymede business rates are charged on most non-domestic premises. This includes most commercial properties such as offices and restaurants, which make up the typical economy in the Runnymede region.

A typically large industry is the accommodation and food services sector, which can also be subject to business rates in Runnymede. Properties such as pubs and hotels in the accommodation and food services 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.

Runnymede also relies heavily on the information and communication sector, which represents 11.9% of the roles in the region’s workforce. Runnymede business rates relief could apply to many businesses in the digital sector. Another large contributor to the economy in Runnymede is the professional, scientific and technical industry, which is responsible for bringing 7,000 jobs to the area. Your business rates in Runnymede 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 Runnymede. This means that unless RVA are able to find a reduction in your Runnymede 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 Runnymede and the rest of England and Wales.

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Runnymede July 5, 2022