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.
East Lindsey Council is the local governing body responsible for the Government District of East Lindsey in Lincolnshire. The district covers the towns of Alford, Wragby, Spilsby, Mablethorpe, Skegness, Horncastle, Chapel St Leonards and Louth. East Lindsey business rates are charged on most non-domestic premises. This includes most commercial properties such as department stores and warehouses, which make up the typical economy in the East Lindsey region.
A typically large industry is the agriculture, forestry and fishing sector, which can also be subject to business rates in East Lindsey. Properties such as office buildings 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.
East Lindsey also relies heavily on the retail sector, which contributed to the 4.3% growth in GDP (Gross Domestic Product) in 2018 and in 2019 in the East Lindsey area. East Lindsey business rates relief could apply to many businesses in the retail sector. Another large contributor to the economy in the East Lindsey area is the accommodation and food services industry, which accounts for 16.5% of employment in the region. Your business rates in East Lindsey 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 East Lindsey area. This means that unless RVA are able to find a reduction in your East Lindsey 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 East Lindsey and the rest of England and Wales.