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.
Welwyn Hatfield Borough Council is the local authority responsible for the non-metropolitan district of Welwyn Hatfield. Welwyn Hatfield business rates are charged on most non-domestic premises. This includes most commercial properties such as shops and offices, which make up the typical economy in the Welwyn Hatfield region.
A typically large industry is the business administration and support sector, which can also be subject to business rates in Welwyn Hatfield. Properties such as office buildings in the business administration and support 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.
Welwyn Hatfield also relies heavily on the professional, scientific and technical sector, of which represents 18% of roles in the area. Welwyn Hatfield small business rates relief could apply to many businesses in the professional, scientific and technical sector. Another large contributor to the economy in Welwyn Hatfield is the retail industry, which contributed to the 10.9% GDP (Gross Domestic Product) growth per year in 2018 and 2019. Your business rates in Welwyn Hatfield 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 Welwyn Hatfield. This means that unless RVA are able to find a reduction in your Welwyn Hatfield 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 Welwyn Hatfield and the rest of England and Wales.