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.
Carmarthenshire Council is the local governing body responsible for the county of Carmarthenshire in Wales. The council is one of twenty-two unitary authorities that came into existence on 1 April 1996 under the provisions of the Local Government (Wales) Act 1994. Carmarthenshire council business rates are charged on most non-domestic premises. This includes most commercial properties such as retail shops and warehouses, which make up the typical economy in the Carmarthenshire region.
A typically large industry is the agriculture, forestry and fishing sector, which can also be subject to business rates in Carmarthenshire. Properties such as warehouses in the agriculture, forestry and fishing 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.
Carmarthenshire also relies heavily on the retail sector, which represents 9.5% of all of business in the Carmarthenshire area. Carmarthenshire council business rates relief could apply to many businesses in the economy sector. Another large contributor to the economy in the Carmarthenshire area is the manufacturing industry, which accounts for 8,000 jobs in the county. Your business rates in Carmarthenshire 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 Carmarthenshire area. This means that unless RVA are able to find a reduction in your Carmarthenshire 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 Carmarthenshire and the rest of England and Wales.