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.
West Devon Borough Council is the local governing body responsible for the local government district and borough of West Devon. West Devon Borough council business rates are charged on most non-domestic premises. This includes most commercial properties such as offices and warehouses, which make up the typical economy in the West Devon region.
A typically large industry is the real estate sector, which can also be subject to business rates in West Devon. Properties such as offices in the real estate 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.
West Devon also relies heavily on the retail sector, which with other sectors such as health and tourism accounted for 43.1% of employment in 2019. West Devon Borough council business rates relief could apply to many businesses in the agriculture, forestry and fishing sectors. Another large contributor to the economy in West Devon is the agriculture industry, which is overrepresented in the borough when compared nationally. Your business rates in West Devon 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 West Devon. This means that unless RVA are able to find a reduction in your West Devon Borough 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 West Devon and the rest of England and Wales.