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.
Wycombe District Council is the local governing body responsible for the non-metropolitan second tier authority for Wycombe in Buckinghamshire. In April 2020, it was merged with Buckinghamshire County Council, Aylesbury Vale District Council, Chiltern District Council and South Bucks District Council to create a new unitary authority. Wycombe council 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 Wycombe region.
A typically large industry is the professional and business services sector, which can also be subject to business rates in Wycombe. Properties such as offices in the professional and business 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.
Wycombe also relies heavily on the advanced engineering sector, especially in aerospace which is well-represented in the Wycombe area. Wycombe council business rates relief could apply to many businesses in the advanced engineering sector. Another large contributor to the economy in the Wycombe area is the information and communication industry, which is considered a key growth area for the region. Your business rates in Wycombe 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 Wycombe area. This means that unless RVA are able to find a reduction in your Wycombe 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 Wycombe and the rest of England and Wales.