Wyre Business Rates

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.

Wyre Council is the local governing body responsible for the local government district – with borough status – of Wyre, in Lancashire. Wyre business rates are charged on most non-domestic premises. This includes most commercial properties such as takeaways and retail stores, which make up the typical economy in the Wyre region.

A typically large industry is the manufacturing sector, which can also be subject to business rates in Wyre. Properties such as warehouses and offices in the manufacturing 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.

Wyre also relies heavily on the retail sector, which accounts for 5,000 jobs in the Wyre area. Wyre business rates relief could apply to many businesses in the retail sector. Another large contributor to the economy in the Wyre area is the accommodation and food services industry, which represents 9% of employment in the region. Your business rates in Wyre 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 Wyre area. This means that unless RVA are able to find a reduction in your Wyre 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 Wyre and the rest of England and Wales.

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Wyre July 4, 2022