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.
Pembrokeshire Council (Cyngor Sir Penfro) is the local governing body responsible for the county of Pembrokeshire – a principal area of Wales. Pembrokeshire council business rates are charged on most non-domestic premises. This includes most commercial properties such as hotels and restaurants, which make up the typical economy in the Pembrokeshire region.
A typically large industry is the tourism sector, which can also be subject to business rates in Pembrokeshire. Properties such as hotels in the tourism 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.
Pembrokeshire also relies heavily on the accommodation and food services sector, as it accounts for 16% of the jobs in the county. Pembrokeshire council business rates relief could apply to many businesses in the accommodation and food services sector. Another large contributor to the economy in Pembrokeshire are sectors such as manufacturing and engineering, as the fastest-growing type of job is process, plant, and machine operatives which increased by 100% between July 2020 and July 2021. Your business rates in Pembrokeshire 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 Pembrokeshire. This means that unless RVA are able to find a reduction in your Pembrokeshire 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 Pembrokeshire and the rest of England and Wales.