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.
Torbay Council is the local unitary authority responsible for Torbay in Devon. As a unitary authority, it has the combined powers of a non-metropolitan county and a district council. Torbay council business rates are charged on most non-domestic premises. This includes most commercial properties such as retail shops and hotels, which make up the typical economy in the Torbay region.
A typically large industry is the retail sector, which can also be subject to business rates in Torbay. Properties such as shops and warehouses in the retail 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.
Torbay also relies heavily on the tourism sector, where it is estimated one in six people in the Torbay area are employed. Torbay council business rates relief could apply to many businesses in the tourism sector. Another large contributor to the economy in Torbay is the food industry, which works with distributing products across the UK. Your business rates in Torbay 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 Torbay. 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 Torbay and the rest of England and Wales.