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.
Powys council (Cyngor Sir Powys) is the local governing body responsible for the county of Powys – an administrative area of Wales. Powys business rates are charged on most non-domestic premises. This includes most commercial properties such as offices and restaurants, which make up the typical economy in the Powys region.
A typically large industry is the manufacturing sector, which can also be subject to business rates in Powys. Properties such as warehouses in the manufacturing 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.
Powys also relies heavily on the distribution, hotels and restaurants sector, as it accounts for 21.4% of the jobs in the county. Powys council business rates relief could apply to many businesses in the distribution, hotels and restaurants sector. Another large contributor to the economy in Powys are sectors such as agriculture, energy and water, which accounts for 10.9% of the workforce. Your business rates in Powys 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 Powys. This means that unless RVA are able to find a reduction in your Powys 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 Powys and the rest of England and Wales.