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 Riding of Yorkshire Council is the local governing body responsible for the East Riding of Yorkshire. As a unitary authority, it holds the combined powers of a district council and a non-metropolitan county. East Riding of Yorkshire business rates are charged on most non-domestic premises. This includes most commercial properties such as hotels and warehouses, which make up the typical economy in the East Riding of Yorkshire region.
A typically large industry is the accommodation and food services sector, which can also be subject to business rates in East Riding of Yorkshire. Properties such as hotels and restaurants in the accommodation and food services 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 Riding of Yorkshire also relies heavily on the manufacturing sector, which contributed to the 4% growth in GDP (Gross Domestic Product) in 2018 and 2019 in the East Riding of Yorkshire area. East Riding of Yorkshire business rates relief could apply to many businesses in the manufacturing sector. Another large contributor to the economy in the East Riding of Yorkshire area is the retail industry, which accounts for 12,000 jobs in the area. Your business rates in East Riding of Yorkshire 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 Riding of Yorkshire area. This means that unless RVA are able to find a reduction in your East Riding of Yorkshire 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 Riding of Yorkshire and the rest of England and Wales.