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.
South Somerset Council is the local governing body responsible for the local government district of South Somerset. South Somerset district council business rates are charged on most non-domestic premises. This includes most commercial properties such as hotels and warehouses, which make up the typical economy in the South Somerset region.
A typically large industry is the accommodation and food services sector, which can also be subject to business rates in South Somerset. Properties such as restaurants 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.
South Somerset also relies heavily on the manufacturing sector, which accounts for 13,000 jobs in the South Somerset area. South Somerset district council business rates relief could apply to many businesses in the manufacturing sector. Another large contributor to the economy in the South Somerset area is the retail industry, which represents 8.6% of employment in the area. Your business rates in South Somerset 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 South Somerset area. This means that unless RVA are able to find a reduction in your South Somerset District Council 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 South Somerset and the rest of England and Wales.