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.
The City and County of Swansea Council is the local governing body responsible for the Principal Areas of Wales covering Swansea, Gower and the surrounding area. The council consists of seventy-two councilors, representative of thirty-six electoral wards overall. Swansea council business rates are charged on most non-domestic premises. This includes most commercial properties such as hotels and offices, which make up the typical economy in the Swansea region.
A typically large industry is the education sector, which can also be subject to business rates in Swansea. Properties such as office buildings in the education 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.
Swansea also relies heavily on the hotels and restaurant sector, which along with the distribution industry make up 24.2% of jobs in 2020. Swansea Council business rates relief could apply to many businesses in the hospitality sector. Another large contributor to the economy in Swansea is the healthcare industry, which employed 16.4% of the workforce in 2020. Your business rates in Swansea 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 Swansea. This means that unless RVA are able to find a reduction in your 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 Swansea and the rest of England and Wales.