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 City Council is the local governing body responsible for the city and metropolitan borough of Newcastle upon Tyne. Newcastle upon Tyne business rates are charged on most non-domestic premises. This includes most commercial properties such as department stores and offices, which make up the typical economy in the Newcastle upon Tyne region.
A typically large industry is the retail sector, which can also be subject to business rates in Newcastle upon Tyne. Properties such as department stores in this 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 upon Tyne also relies heavily on sectors such as accommodation and food services, providing 10.8% of Newcastle upon Tyne’s workforce. Newcastle upon Tyne business rates relief could apply to many businesses in this region. Another large contributor to the economy in Newcastle upon Tyne is the administration industry, which contributes to the annual estimation of £13 billion to Newcastle upon Tyne’s GVA (Gross Value Added). Your business rates in Newcastle upon Tyne 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 Newcastle upon Tyne. This means that unless RVA are able to find a reduction in your Newcastle upon Tyne 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 upon Tyne and the rest of England and Wales.