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.
Worcester city Council is the local governing body responsible for the non-metropolitan district of Worcester. Worcester city council business rates are charged on most non-domestic premises. This includes most commercial properties such as hotels and warehouses, which make up the typical economy in the Worcester region.
A typically large industry is the accommodation and food services sector, which can also be subject to business rates in Worcester. Properties such as hotels and restaurants 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.
Worcester also relies heavily on the retail sector, which accounts for 9.1% of all of jobs in the Worcester area. Worcester city council business rates relief could apply to many businesses in the retail sector. Another large contributor to the economy in the Worcester area is the manufacturing industry, which works with heavy machinery and the delivery of large loads. Your business rates in Worcester 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 Worcester area. This means that unless RVA are able to find a reduction in your Worcester City 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 Worcester and the rest of England and Wales.