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.
Redcar and Cleveland Borough Council is the local authority responsible for the unitary authority of Redcar and Cleveland. As a unitary authority, it has the combined powers of a non-metropolitan county and district council combined. Redcar and Cleveland 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 Redcar and Cleveland region.
A typically large industry is the accommodation and food services sector, which can also be subject to business rates in Redcar and Cleveland. Properties such as pubs and takeaways 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.
Redcar and Cleveland also relies heavily on the manufacturing sector, which accounts for 11.7%of roles in the region’s workforce. Redcar and Cleveland business rates relief could apply to many businesses in the manufacturing sector. Another large contributor to the economy in Redcar and Cleveland is the retail industry, which accounts for 4,500 jobs in the area. Your business rates in Redcar and Cleveland 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 Redcar and Cleveland. This means that unless RVA are able to find a reduction in your Redcar and Cleveland 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 Redcar and Cleveland and the rest of England and Wales.