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.
Wokingham Borough Council is the local governing body responsible for the borough of Wokingham, in Berkshire. Wokingham business rates are charged on most non-domestic premises. This includes most commercial properties such as office buildings and warehouses, which make up the typical economy in the Wokingham region.
A typically large industry is the professional, scientific and technical sector, which can also be subject to business rates in Wokingham. Properties such as offices in the professional, scientific and technical 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.
Wokingham also relies heavily on the information and communication sector, which accounts for 15% of roles in the Wokingham area. Wokingham business rates relief could apply to many businesses in the information and communication sector. Another large contributor to the economy in the Wokingham area is the business administration and support services industry, which represents 9.2% of employment in the region. Your business rates in Wokingham 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 the Wokingham area. This means that unless RVA are able to find a reduction in your Wokingham 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 Wokingham and the rest of England and Wales.