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.
Folkestone and Hythe Council is the local authority responsible for the local government district of Folkestone and Hythe, in Kent. It was formerly known as Shepway Council and was renamed to Folkestone and Hythe in 2018. Folkestone and Hythe business rates are charged on most non-domestic premises. This includes most commercial properties such as retail shops and offices, which make up the typical economy in the Folkestone and Hythe region.
A typically large industry is the accommodation and food services sector, which can also be subject to business rates in Folkestone and Hythe. Properties such as restaurants and pubs in the accommodation and food services 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.
Folkestone and Hythe also relies heavily on the retail sector, of which represents over 10% of the region’s workforce. Folkestone and Hythe business rates relief could apply to many businesses in the retail sector. Another large contributor to the economy in Folkestone and Hythe is the business administration and support industry, which accounts for 4,000 jobs in the area. Your business rates in Folkestone and Hythe 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 Folkestone and Hythe. This means that unless RVA are able to find a reduction in your Folkestone and Hythe 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 Folkestone and Hythe and the rest of England and Wales.