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.
South Bucks District Council was the local second-tier authority responsible for the non-metropolitan for South Bucks, in Buckinghamshire. In April 2020, it was merged with Buckinghamshire County Council, Aylesbury Vale, Chiltern, and Wycombe District Councils to become a single unitary authority known as Buckinghamshire Council. South Bucks business rates are charged on most non-domestic premises. This includes most commercial properties such as shops and warehouses, which make up the typical economy in the South Bucks region.
A typically large industry is the retail sector, which can also be subject to business rates in South Bucks. Properties such as office buildings and department stores 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.
South Bucks also relies heavily on the business administration and support sector, which are responsible for providing 24,000 jobs. South Bucks business rates relief could apply to many businesses in the business administration and support sector. Another large contributor to the economy in South Bucks is the professional, scientific and technical, industry, which represents 8.8% of the workforce. Your business rates in South Bucks 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 South Bucks. This means that unless RVA are able to find a reduction in your South Bucks 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 South Bucks and the rest of England and Wales.