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.
Watford Borough Council is the local authority for the non-metropolitan district of Watford. It is located in the south-west of Hertfordshire and the council resides there in the Town Hall. Watford council business rates are charged on most non-domestic premises. This includes most commercial properties such as retail shops and warehouses, which make up the typical economy in the Watford region.
A typically large industry is the pharmaceutical sector, which can also be subject to business rates in Watford. Properties such as offices and warehouses in the pharmaceutical 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.
Watford also relies heavily on the manufacturing sector, and as the centre of a sub-region where more than five-hundred-thousand people live, it is one of the largest employers. Watford Council business rates relief could apply to many businesses in the manufacturing sector. Another large contributor to the economy in Watford is the leisure industry. Your business rates in Watford 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 Watford. This means that unless RVA are able to find a reduction in your Council 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 Watford and the rest of England and Wales.