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.
North Norfolk Council is the local authority responsible for the district of North Norfolk. North Norfolk business rates are charged on most non-domestic premises. This includes most commercial properties such as manufacturing firms and department stores, which make up the typical economy in the North Norfolk region.
A typically large industry is the accommodation and food services sector, which can also be subject to business rates in North Norfolk. Properties such as restaurants and pubs in the accommodation and food services 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.
North Norfolk also relies heavily on the retail sector, which as the largest industry in the region, accounts for 13.7% of jobs. North Norfolk business rates relief could apply to many businesses in the retail sector. Another large contributor to the economy in North Norfolk is the manufacturing industry, which works with heavy machinery and lorry’s making deliveries across the UK. Your business rates in North Norfolk 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 North Norfolk. This means that unless RVA are able to find a reduction in your North Norfolk 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 North Norfolk and the rest of England and Wales.