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.
Mendip Council is the local governing body responsible for the local government district of Mendip in Somerset. The district is largely rural, with a population of approximately 112,500. Mendip 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 Mendip region.
A typically large industry is the health and social work sector, which can also be subject to business rates in Mendip. Properties such as offices in the health and social work 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.
Mendip also relies heavily on the wholesale and retail sector, which in 2012 employed 19.4% of the workforce in the district. Mendip district council business rates relief could apply to many businesses in the wholesale and retail sector. Another large contributor to the economy in Mendip is the manufacturing industry, where over one-third of manufacturing is food processing – this is three times more than the national average. Your business rates in Mendip 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 Mendip. This means that unless RVA are able to find a reduction in your Mendip district 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 Mendip and the rest of England and Wales.