Business rates are collected by councils from most properties that are not occupied by domestic households, for example:
- shops
- offices
- pubs
- factories and warehouses
Business rates are set by the government. A proportion of the amount collected is retained by the council. Business rates go towards paying for services provided by the council such as waste collection and planning.
Business rates for East Cambridgeshire are managed by Anglia Revenues Partnership on behalf of East Cambridgeshire District Council.
How business rates are calculated
The amount you pay in business rates is based on your property's rateable value. The rateable value is calculated by the Valuation Office Agency.
Your business rates bill is calculated by multiplying the rateable value of the property by the "rate multiplier". There are two rate multipliers set annually by central government.
The Small Business Multiplier - applies to business premises with a rateable value less than £51,000.
The Standard Multiplier - applies to all other businesses with a rateable value greater than £51,000.
Find out more about how your bill is calculated on the Anglia Revenues Partnership website.