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.
Thanet District Council is the local governing body responsible for the Thanet district in Kent. Its administrative centre is based in Margate. Thanet district council business rates are charged on most non-domestic premises. This includes most commercial properties such as hotels and stores, which make up the typical economy in the Thanet region.
A typically large industry is the retail sector, which can also be subject to business rates in Thanet. Properties such as office retail shops 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.
Thanet also relies heavily on the tourism sector, that in 2019 showed a 9% increase in jobs from 2017. Thanet council business rates relief could apply to many businesses in this region. Another large contributor to the economy in Thanet is the human health and social work sector, which in 2017 employed over seven thousand people. Your business rates in Thanet 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 Thanet. This means that unless RVA are able to find a reduction in your Thanet 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 Thanet and the rest of England and Wales.