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.
Gwynedd Council (Cyngor Gwynedd) is the local governing body responsible for the principal area of Gwynedd, a subdivision of Wales. Gwynedd council business rates are charged on most non-domestic premises. This includes most commercial properties such as offices and warehouses, which make up the typical economy in the Gwynedd region.
A typically large industry is the retail sector, which can also be subject to business rates in Gwynedd. Properties such as warehouses and department 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.
Gwynedd also relies heavily on the tourist sector, which has an economic value of nearly £1 billion. Gwynedd council business rates relief could apply to many businesses in the tourist sector. Another large contributor to the economy in Gwynedd is the manufacturing industry, where companies work with heavy machinery daily. Your business rates in Gwynedd 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 Gwynedd. This means that unless RVA are able to find a reduction in your Gwynedd 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 Gwynedd and the rest of England and Wales.