Havant Business Rates
Business rates in Havant have seen dramatic increases, with the industrial sector alone facing a hike of over 29% since the 1st April 2023 revaluation. Other types of commercial properties haven’t been spared either, with significant rises in their rateable values (RV) creating widespread challenges for business owners and tenants alike.
The Valuation Office Agency (VOA), which oversees rateable values for commercial properties, placed the total value for all properties in England and Wales at £70 billion per year in the 2023 rating list. This tax is expected to generate £30 billion in revenue this year, with projections rising to £35 billion next financial year.
For businesses in Havant, the revaluation comes as another blow in an already challenging financial climate. In addition to rising business rates, local businesses are dealing with higher costs in rent, commercial mortgages, wages, and utilities. This relentless escalation leaves little room for financial manoeuvring.
Havant Costs Rising
Ensuring that your business rates are fair and accurate has never been more critical in the search for savings.
The revaluation has affected thousands of businesses in the Havant area, many of which have experienced steep increases in their rateable values. On average, business rates in Havant rose by 18% in 2022 compared to the previous year, adding to the strain.
According to Anthony Hughes, Managing Director at RVA Surveyors,
“We estimate that as many as 50% of all commercial properties in England and Wales could be overpaying on their business rates.”
For businesses in Havant, this means that thousands of pounds may be needlessly leaving their accounts each year.
How RVA Surveyors Can Help
Many business owners and tenants remain unaware that they have the option to review or challenge their business rates. This is where RVA Surveyors comes in.
With experience supporting over 47,000 properties, we specialise in helping businesses identify potential inaccuracies in their rateable values, secure reductions, and even claim backdated savings. A successful reduction could offer not only immediate relief but also long-term financial benefits that help safeguard your business’s future.
Don’t let rising business rates in Havant hold your business back. Acting now to challenge unfair valuations could result in significant savings and allow you to reinvest in your operations.
Speak to one of our savings specialists today to explore your options and ensure your business rates reflect a fair and accurate valuation.
Take control of your business’s financial future and start your savings journey today.
