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.
The Isle of Anglesey County Council (Cyngor Sir Ynys Môn) is the local authority responsible for the county of Anglesey – one of the unitary authority areas in Wales. Isle of Anglesey business rates are charged on most non-domestic premises. This includes most commercial properties such as pubs and warehouses, which make up the typical economy in the Isle of Anglesey region.
A typically large industry is the construction sector, which can also be subject to business rates in Anglesey. Properties such as office buildings and warehouses in the construction 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.
Anglesey also relies heavily on the accommodation and food services sector, representing 15.5% of the workforce in this region. Isle of Anglesey business rates relief could apply to many businesses in the accommodation and food services sector. Another large contributor to the economy in Anglesey is the manufacturing industry, which works with heavy machinery and lorry’s making deliveries across the UK. Your business rates in Anglesey 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 Isle of Anglesey. This means that unless RVA are able to find a reduction in your Isle of Anglesey 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 Anglesey and the rest of England and Wales.