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.
Three Rivers District Council is the local authority responsible for the non-metropolitan district of Three Rivers, located in the couth-west of Hertfordshire. Three Rivers business rates are charged on most non-domestic premises. This includes most commercial properties such as warehouses and office buildings, which make up the typical economy in the Three Rivers region.
A typically large industry is the accommodation and food services sector, which can also be subject to business rates in Three Rivers. Properties such as pubs and warehouses 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.
Three Rivers also relies heavily on the professional, scientific and technical sector, of which represents 14.2% of the roles in the region’s workforce. Three Rivers small business rates relief could apply to many businesses in the professional, scientific and technical sector. Another large contributor to the economy in Three Rivers is the construction industry, which works with heavy machinery and lorry’s making deliveries across the UK. Your business rates in Three Rivers 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 Three Rivers. This means that unless RVA are able to find a reduction in your Three Rivers 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 Three Rivers and the rest of England and Wales.