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 Forest District Council is the local governing body responsible for the district and non-metropolitan district of Wyre Forest, in Worcestershire. Wyre Forest business rates are charged on most non-domestic premises. This includes most commercial properties such as shops and warehouses, which make up the typical economy in the Wyre Forest region.
A typically large industry is the transport and storage sector, which can also be subject to business rates in Wyre Forest. Properties such as warehouses and offices in the transport and storage 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 Forest also relies heavily on the retail sector, which accounts for 12.3% of roles in the region’s workforce. Wyre Forest business rates relief could apply to many businesses in the retail sector. Another large contributor to the economy in the Wyre Forest area is the manufacturing industry, which represents 3,500 jobs in the area. Your business rates in Wyre Forest 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 Forest area. This means that unless RVA are able to find a reduction in your Wyre Forest 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 Forest and the rest of England and Wales.