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 Tyneside Council is the local governing body responsible for North Tyneside in Tyne and Wear. As a metropolitan district, is one of five in Tyne and Wear, and one of thirty-six across England overall. North Tyneside council business rates are charged on most non-domestic premises. This includes most commercial properties such as office buildings and warehouses, which make up the typical economy in the North Tyneside region.
A typically large industry is the digital sector, which can also be subject to business rates in North Tyneside. Properties such as offices in the digital 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 Tyneside also relies heavily on the manufacturing sector, particularly in traditional manufacturing and engineering. North Tyneside business rates relief could apply to many businesses in the manufacturing sector. Another large contributor to the economy in North Tyneside is the wholesale and retail industry, which in 2011 employed over 13,000 people. Your business rates in North Tyneside 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 Tyneside. This means that unless RVA are able to find a reduction in your North Tyneside 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 Tyneside and the rest of England and Wales.