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.
Wolverhampton City Council is the local governing body responsible for the City of Wolverhampton. It was awarded city status in 2000 and was previously a Metropolitan Borough Council. Wolverhampton council 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 Wolverhampton region.
A typically large industry is the human health and social work sector, which can also be subject to business rates in Wolverhampton. Properties such as office buildings in the human health and social work sector can be incorrectly valued as usually their use may change over many years, and information 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.
Wolverhampton also relies heavily on the manufacturing sector, which accounts for 14% of employee jobs in the city. Wolverhampton business rates relief could apply to many businesses in this sector. Another large contributor to the economy in Wolverhampton is the retail industry, which accounts for 18% of employment. Your business rates in Wolverhampton 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 Wolverhampton. This means that unless RVA are able to find a reduction in your Wolverhampton 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 Wolverhampton and the rest of England and Wales.