Business Rate in Barnsley
Business rates in Barnsley, across the office sector have experienced rateable value (RV) increases of over 9% since the April 2023 revaluation. This trend, impacting many other commercial property types, is part of the Valuation Office Agency’s (VOA) nationwide update, which places the collective valuation of England and Wales’s commercial properties at £70 billion per year. These rates are projected to generate £30 billion in 2023, with further increases expected in subsequent financial years.
Local Businesses
Barnsley’s commercial sectors, from manufacturing to retail, are grappling with the implications of higher business rates, which add to broader cost pressures such as rent, utilities, and wages. According to the International Property Tax Institute (IPTI), the UK already imposes some of the highest commercial property taxes globally, and the recent updates are only intensifying this burden.
The revaluation has impacted Barnsley’s local businesses. Data suggests that a significant number of properties may qualify for relief or reductions but remain overlooked due to a lack of awareness.
“Based on our findings,” explains Anthony Hughes, Managing Director at RVA Surveyors, “we estimate that 50% of commercial properties in England and Wales could be overpaying.” This includes small and medium-sized businesses in Barnsley.
Learn how to appeal your business rates.
Take the first step toward meaningful savings—ensuring your business remains competitive. RVA Surveyors have supported over 47,000 properties nationwide, helping businesses achieve fair taxation through in-depth reviews.
For businesses in Barnsley, this could mean:
- Immediate Savings: Identifying opportunities to reduce liabilities.
- Backdated Refunds: Reclaiming overpayments from previous years.
- Long-Term Benefits: Ensuring future rates align with accurate valuations.
