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.
Conwy Council (Cyngor Bwrdeistref Sirol Conwy) is the local governing body responsible for the Conwy County Borough – one of the unitary authority areas in Wales. Conwy council business rates are charged on most non-domestic premises. This includes most commercial properties such as takeaways and warehouses, which make up the typical economy in the Conwy region.
A typically large industry is the retail sector, which can also be subject to business rates in Conwy. Properties such as stores 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.
Conwy also relies heavily on the accommodation and food services sector, which accounts for 15.5% of all employment in the Conwy area. Conwy council business rates relief could apply to many businesses in the accommodation and food services sector. Another large contributor to the economy in the Conwy area is the construction industry, which works with heavy machinery and the delivery of large loads. Your business rates in Conwy 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 Conwy area. This means that unless RVA are able to find a reduction in your Conwy 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 Conwy and the rest of England and Wales.