Some businesses may qualify for reduced business rates. To do so the business must occupy:
- a single property with a rateable value of less than £18,000
- a main property with additional properties, where the additional properties have a rateable value of less than £2,600 each, and the total rateable value of all properties together is less than £18,000
If your business meets either of these criteria, your business rates bill will be calculated using a lower uniform business rate (UBR) multiplier.
To apply for relief, complete and return the business rates relief for small businesses application form.
Additional relief
In addition to having your bill calculated using the lower multiplier, a further reduction is available is the rateable value of the single or main property is less than £12,000.
A percentage rate reduction is available on a sliding scale for properties with a rateable value between £6,000 and £12,000, and a straight reduction of 100% is available for properties with a rateable value below £6,000.
Unless your circumstances change, your rates relief will last until the next revaluation of your property in 2015.
Changes in circumstance
You must contact us to advise us about any changes in circumstance which may affect your entitlement to business rates relief, for example:
- if your business expands to occupy a further property anywhere in England
- if the rateable value of your property increases and you are based outside of Cambridge (ie where the council provide relief but would not have been automatically informed of the change)
