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.
Newcastle-under-Lyme Council is the local governing body responsible for the government district and borough of Newcastle-under-Lyme in Staffordshire. Newcastle-under-Lyme business rates are charged on most non-domestic premises. This includes most commercial properties such as shops and warehouses, which make up the typical economy in the Newcastle-under-Lyme region.
A typically large industry is the manufacturing sector, which can also be subject to business rates in Newcastle-under-Lyme. Properties such as warehouses in the manufacturing 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.
Newcastle-under-Lyme also relies heavily on the retail sector, which contributed in 2019 to the GDP (Gross Domestic Product) of £2.6 billion in the Newcastle-under-Lyme area. Newcastle-under-Lyme council business rates relief could apply to many businesses in the retail sector. Another large contributor to the economy in the Newcastle-under-Lyme area is the transport and storage industry, which works with heavy machinery and the delivery of large loads. Your business rates in Newcastle-under-Lyme 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 Newcastle-under-Lyme area. This means that unless RVA are able to find a reduction in your Newcastle-under-Lyme 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 Newcastle-under-Lyme and the rest of England and Wales.