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.
Cambridge City Council is the local governing body responsible for the City of Cambridge. It is a district council. Cambridge business rates are charged on most non-domestic premises. This includes most commercial properties such as retail stores and warehouses, which make up the typical economy in the Cambridge region.
A typically large industry is the information and communication, which can also be subject to business rates in Cambridge. Properties such as office buildings in the information and communication 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.
Cambridge also relies heavily on the accommodation and food services sector, which represents 8% of the employment. Cambridge council small business rates relief could apply to many businesses in the accommodation and food services sector. Another large contributor to the economy in Cambridge is the professional, scientific and technical industry, which accounts for 19,000 jobs. Your business rates in Cambridge 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 Cambridge. This means that unless RVA are able to find a reduction in your Cambridge 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 Cambridge and the rest of England and Wales.