Newport Council Business Rates

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.

Newport City Council (Cyngor Dinas Casnewydd) is the local governing body responsible Newport, a principal area in Wales. It consists of 20 wards, with 51 elected councillors. Newport council business rates are charged on most non-domestic premises. This includes most commercial properties such as hotels and warehouses, which make up the typical economy in the Newport region.

A typically large industry is the financial and insurance sector, which can also be subject to business rates in Newport. Properties such as offices in the financial and insurance 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.

Newport also relies heavily on the manufacturing sector, which represents 8.9% of employment in the Newport area. Newport council business rates relief could apply to many businesses in the manufacturing sector. Another large contributor to the economy in the Newport area is the retail industry, which contributed to the overall GDP (Gross Domestic Product) in Newport of £4.6 billion in 2019. Your business rates in Newport 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 Newport area. This means that unless RVA are able to find a reduction in your Newport 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 Newport and the rest of England and Wales.

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Newport July 1, 2022