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 Yorkshire County Council is the local authority responsible for the non-metropolitan county of North Yorkshire. North Yorkshire business rates are charged on most non-domestic premises. This includes most commercial properties such as hotels and manufacturing firms, which make up the typical economy in the North Yorkshire region.
A typically large industry is the retail sector, which can also be subject to business rates in North Yorkshire. Properties such as department stores in the retail 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 Yorkshire also relies heavily on the accommodation and food services sector, which certainly contributed the region’s overall estimated GDP (Gross Domestic Product) of £18 billion in 2019. North Yorkshire business rates relief could apply to many businesses in the accommodation and food services sector. Another large contributor to the economy in North Yorkshire is the manufacturing industry, which works with heavy machinery and lorry’s making deliveries across the UK. Your business rates in North Yorkshire 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 Yorkshire. This means that unless RVA are able to find a reduction in your North Yorkshire 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 Yorkshire and the rest of England and Wales.