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.
Medway Council is the local governing body responsible for Medway in Kent. It is a unitary authority, meaning that it has the combined powers of a district council and the powers of a non-metropolitan county. Medway council business rates are charged on most non-domestic premises. This includes most commercial properties such as warehouses and offices, which make up the typical economy in the Medway region.
A typically large industry is the storage sector, which can also be subject to business rates in Medway. Properties such as warehouses in the storage 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.
Medway also relies heavily on the transportation sector, which has grown by 74.1% since 2013. Medway council business rates relief could apply to many businesses in the transportation sector. Another large contributor to the economy in Medway is the construction industry, which in 2017 contributed 10.9% of the region Gross Value Added (GVA). Your business rates in Medway 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 Medway. 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 Medway and the rest of England and Wales.