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.
Great Yarmouth Council is the local governing body responsible for the local government district – with borough status – of Great Yarmouth, Norfolk. Great Yarmouth business rates are charged on most non-domestic premises. This includes most commercial properties such as retail stores and offices, which make up the typical economy in the Great Yarmouth region.
A typically large industry is the accommodation and food services sector, which can also be subject to business rates in Great Yarmouth. Properties such as pubs and hotels 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.
Great Yarmouth also relies heavily on the retail sector, which represents 11.8% of roles in the workforce. Great Yarmouth business rates relief could apply to many businesses in the retail sector. Another large contributor to the economy in Great Yarmouth is the professional, scientific and technical industry, where representation of roles in the workforce is 7.9%. Your business rates in Great Yarmouth 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 Great Yarmouth. This means that unless RVA are able to find a reduction in your Great Yarmouth 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 Great Yarmouth and the rest of England and Wales.