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 Tyneside Council is the local governing body responsible for the borough of South Tyneside in Tyne and Wear. As a metropolitan borough council, it is one of 36 metropolitan counties across England. South Tyneside council business rates are charged on most non-domestic premises. This includes most commercial properties such as department stores and warehouses, which make up the typical economy in the South Tyneside region.
A typically large industry is the manufacturing sector, which can also be subject to business rates in Ashford. Properties such as warehouses and offices 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.
South Tyneside also relies heavily on the retail sector, which accounts for 9.5% of jobs in the South Tyneside area. South Tyneside council business rates relief could apply to many businesses in the retail sector. Another large contributor to the economy in the South Tyneside area is the accommodation and food services industry, which accounts for 3,500 jobs in the region. Your business rates in South Tyneside 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 Tyneside area. This means that unless RVA are able to find a reduction in your South Tyneside 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 Tyneside and the rest of England and Wales.