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.
North Kesteven District Council is the local authority responsible for the district of North Kesteven, in Lincolnshire. North Kesteven business rates are charged on most non-domestic premises. This includes most commercial properties such as manufacturing firms and warehouses, which make up the typical economy in the North Kesteven region.
A typically large industry is the business administration and support sector, which can also be subject to business rates in North Kesteven. Properties such as office buildings in the administration and support 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.
North Kesteven also relies heavily on the construction sector, which employs over 7% of the workforce in the region. North Kesteven business rates relief could apply to many businesses in the construction sector. Another large contributor to the economy in North Kesteven is the manufacturing industry, which works with heavy machinery and lorry’s making deliveries across the UK. Your business rates in North Kesteven 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 North Kesteven. This means that unless RVA are able to find a reduction in your North Kesteven 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 North Kesteven and the rest of England and Wales.