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.
Bridgend County Borough Council is the local governing body responsible for the county borough of Bridgend, a principal area of Wales. Bridgend business rates are charged on most non-domestic premises. This includes most commercial properties such as offices and warehouses, which make up the typical economy in the Bridgend region.
A typically large industry is the retail sector, which can also be subject to business rates in Bridgend. Properties such as department stores and warehouses in the retail 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.
Bridgend also relies heavily on the manufacturing sector, which in 2018 and 2019 helped see the GDP (Gross Domestic Product) growth reach 4.2% in the Bridgend area. Bridgend business rates relief could apply to many businesses in the economy sector. Another large contributor to the economy in the Bridgend area is the administrative and support services industry, which represents 8.1% of employment in the region. Your business rates in Bridgend 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 Bridgend area. This means that unless RVA are able to find a reduction in your Bridgend 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 Bridgend and the rest of England and Wales.