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.
Swindon Council is the local governing body responsible for the borough of Swindon, in Wiltshire. As a unitary authority, it has the combined powers of a district council and a non-metropolitan county. Swindon business rates are charged on most non-domestic premises. This includes most commercial properties such as offices and warehouses, which make up the typical economy in the Swindon region.
A typically large industry is the construction sector, which can also be subject to business rates in Swindon. Properties such as warehouses in the construction 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.
Swindon also relies heavily on the banking and finance sector, which – as one of the main employers – helped to grow the workforce by 5,000 people between 2013 and 2014. Swindon business rates relief could apply to many businesses in the banking and finance sector. Another large contributor to the economy in Swindon is the information technology industry, where employment increased by 15% between 2013 and 2014. Your business rates in Swindon 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 Swindon. This means that unless RVA are able to find a reduction in your Swindon 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 Swindon and the rest of England and Wales.