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.
Cardiff City Council is the local governing body responsible for the County and City of Cardiff. There are seventy-five councilors, representing twenty-nine electoral wards across the county. Cardiff City council 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 Cardiff region.
A typically large industry is professional sectors such as engineering, which can also be subject to business rates in Cardiff. Properties such as office buildings in the engineering industry can be incorrectly valued as usually their use can change over many years, and information may 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.
Cardiff also relies heavily on the finance sector, with one in four people across the city being employed in the finance or business sector. Cardiff City Council business rates relief could apply to many businesses in the finance sector. Another large contributor to the economy in Cardiff is the manufacturing industry, which works with large trucks delivering products across the UK. Your business rates in Cardiff 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 Cardiff. This means that unless RVA are able to find a reduction in your Cardiff City Council 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 Cardiff and the rest of England and Wales.