Torridge Business Rates

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.

Torridge Council is the local governing body responsible for the government district of Torridge, in north Devon.  The towns and villages of Bideford, Holsworthy, Great Torrington, Hartland and Westward Ho!, as well as the island of Lundy are all covered by the Torridge district council. Torridge district council business rates are charged on most non-domestic premises. This includes most commercial properties such as pubs and warehouses, which make up the typical economy in the Torridge region.

A typically large industry is the retail sector, which can also be subject to business rates in Torridge. Properties such as warehouses and offices 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.

Torridge also relies heavily on the agriculture, forestry and fishing sector, which accounts for 15.5% of employment in the Torridge area. Torridge council business rates relief could apply to many businesses in the agriculture, forestry and fishing sector. Another large contributor to the economy in the Torridge area is the accommodation and food services industry, which represents 11.1% of employment in the region. Your business rates in Torridge 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 Torridge area. This means that unless RVA are able to find a reduction in your Torridge 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 Torridge and the rest of England and Wales.

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Torridge July 4, 2022