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.
Rutland Council is the local authority responsible for the unitary authority for the district and county of Rutland, in the East Midlands. Rutland business rates are charged on most non-domestic premises. This includes most commercial properties such as manufacturing firms and hotels, which make up the typical economy in the Rutland region.
A typically large industry is the retail sector, which can also be subject to business rates in Rutland. Properties such as office buildings and shops 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.
Rutland also relies heavily on the accommodation and food services sector, of which represents 12.2% of roles in the region’s workforce. Rutland business rates relief could apply to many businesses in the accommodation and food services sector. Another large contributor to the economy in Rutland is the manufacturing industry, which works with heavy machinery and lorry’s making deliveries across the UK. Your business rates in Rutland 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 Rutland. This means that unless RVA are able to find a reduction in your Rutland 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 Rutland and the rest of England and Wales.