Somerset West and Taunton Business Rates

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.

Somerset West and Taunton Council is the local governing body responsible for the local government district of Somerset West and Taunton. Somerset West and Taunton business rates are charged on most non-domestic premises. This includes most commercial properties such as hotels and department stores, which make up the typical economy in the Somerset West and Taunton region.

A typically large industry is the professional, scientific and technical sector, which can also be subject to business rates in Somerset West and Taunton. Properties such as offices in the professional, scientific and technical 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.

Somerset West and Taunton also relies heavily on the retail sector, which accounts for 9.5% of the jobs in the area. Somerset West and Taunton business rates relief could apply to many businesses in the retail sector. Another large contributor to the economy in the Somerset West and Taunton area is the accommodation and food services industry, which is responsible for 6,000 jobs in the region. Your business rates in Somerset West and Taunton 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 the Somerset West and Taunton area. This means that unless RVA are able to find a reduction in your Somerset West and Taunton 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 Somerset West and Taunton and the rest of England and Wales.

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Somerset West and Taunton July 5, 2022