Allerdale Business Rates
Business rates in Allerdale have gone up significantly since April 2023, with industrial properties seeing increases of 12% or more. The Valuation Office Agency (VOA) set these new rateable values (RVs), which will shape how much businesses pay until the next review in 2026. This national tax, expected to bring in £30 billion this year, poses serious challenges for local businesses already dealing with high costs like rent and energy bills.
What’s Happening in Allerdale?
Business rates in the area have risen sharply, adding to the strain on local companies. Retail, industrial, and office spaces have all been impacted. In fact, 50% of businesses across England and Wales may be overpaying on their rates, according to RVA Surveyors’ research.
Why Should You Review Your Rates?
Many Allerdale businesses may not be aware that their rateable value can be challenged if they believe it’s inaccurate. This could result in significant savings, potentially even backdated rebates. Businesses across the UK have saved thousands by ensuring their rates reflect the reality of their property’s use and condition.
Act Before It’s Too Late
The current rates list is in place until March 2026, but with rising costs across the board, it pays to act sooner rather than later. RVA Surveyors offers a no reduction, no fee service, meaning there’s no upfront cost to check if you’re eligible for a reduction.
Get in touch with our team of experts to see how much you could save on your Allerdale business rates. Even small reductions could free up cash to reinvest in your business. Contact RVA today to learn more!
