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.
Teignbridge Council is the local governing body responsible for the Government District of Teignbridge in Devon. The district was formed on the 1st April 1974, and combined the urban districts of Buckfastleigh, Dawlish, Teignmouth, Ashburton, and Newton Abbot, with the rural district of Newton Abbot and part of the rural district of St. Thomas. Teignbridge run 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 Teignbridge region.
A typically large industry is the manufacturing sector, which can also be subject to business rates in Teignbridge. Properties such as warehouses and office buildings 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.
Teignbridge also relies heavily on the wholesale and retail trade (repair of motor vehicles and motorcycles) sector, which in 2020 accounted for 9,000 jobs in the Teignbridge area. Teignbridge business rates relief could apply to many businesses in the wholesale and retail sector. Another large contributor to the economy in the Teignbridge area is the accommodation and food services industry, which employed 5,000 people in 2020. Your business rates in Teignbridge 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 Teignbridge area. This means that unless RVA are able to find a reduction in your Teignbridge 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 Teignbridge and the rest of England and Wales.