Dartford Business Rates
Businesses in Dartford are facing an unprecedented rise in business rates, with the industrial sector alone seeing increases of over 47% following the April 1st, 2023 revaluation. Many other commercial property types have also experienced significant hikes in their rateable value (RV), adding to the growing challenges for business owners.
The Valuation Office Agency (VOA), which determines RVs, has assessed commercial properties across England and Wales at an astounding £70 billion annually for the 2023 rating list. This equates to around £30 billion in revenue this year, with projections reaching £35 billion next year.
According to the International Property Tax Institute (IPTI), UK business owners were already shouldering the highest property tax burden in the world before this revaluation. With the latest increases, businesses in Dartford are feeling the strain like never before.
Costs Are Rising
The Dartford catchment area is home to thousands of businesses, the vast majority of which have seen steep increases in their RVs. In fact, business rates in Dartford rose by an average of 18% in 2022, compared to the prior year.
Anthony Hughes, Managing Director of RVA Surveyors, notes:
“Our research suggests that as many as 50% of all commercial properties in England and Wales could be overpaying on their business rates.”
Shockingly, many businesses remain unaware that they can challenge or review their RVs, potentially saving thousands of pounds annually.
Time to Act
Your business shouldn’t have to endure the full impact of these stealth tax hikes. RVA Surveyors has already assisted over 47,000 commercial properties in reducing their liabilities and identifying savings.
Our team specialises in:
- Reviewing rateable values to uncover potential overpayments.
- Offering expert guidance on tenancy agreements and property-related tax assessments.
Reviewing Your Rates
A reduction in your business rates could provide much-needed financial relief. Benefits include:
- Cash flow improvements,
- Potential backdated refunds for prior overpayments, and
- Ongoing annual savings to help manage rising costs.
Don’t let inflated business rates threaten your business’s financial health. Speak to our specialist team at RVA Surveyors to uncover savings and ensure your rates are fair and accurate.
Contact RVA Surveyors. With no obligation, there’s nothing to lose – but potentially thousands to gain. Get in touch today and let us help you reduce your business rates burden.
