business rate

(redirected from Business rates)

Business Rate

A property tax on a business or other non-residential property. Business rates are used to fund local government services and projects such as road construction and improvement. Business rates are used in England and Wales; they trace their origins to at least the 16th century.

business rate

see UNIFORM BUSINESS RATE.
References in periodicals archive ?
THE Welsh Government's Small Business Rates Relief Scheme will be extended for another year, Economy Minister Edwina Hart has confirmed.
The PS98million scheme, which benefits over three quarters of business premises in Wales, means around half of all eligible businesses will pay no business rates again next financial year.
George Osborne set out a fresh wave of cuts in this week's Comprehensive Spending Review and it has been revealed business rates, a tax collected from firms, will be used to plug a gap in public health funding.
8 billion a year with a radical overhaul of business rates, a new report states.
A BUSINESS rates revolution will be worth more than PS150m to Teesside.
Items sold on trade stands at the conference included reminders of successful election campaigns of the past - and almighty failures like the Tony Blair 'Devil Eyes' poster from 1997 Items sold on trade stands at the conference included reminders of successful election campaigns of the past - and almighty failures like the Tony Blair 'Devil Eyes' poster from 1997 ARADICAL shake-up of business rates policy could punish less well off areas like the North East while rewarding the wealthy South East, it has been claimed.
By the end of the Parliament, local government will be able to retain 100 per cent of local taxes including all Au26 billion of revenue from business rates to spend on local government services.
A KIRKLEES MP is backing councillors' demands for an inquiry into business rates.
LIVERPOOL city region's two car-making giants - Jaguar Land Rover (JLR) and Vauxhall - have joined forces to put pressure on the Government to reform the business rates system.
A RECENT news report stated that Neath RFC had been served a notice by Neath-Port Talbot Council for closure due to an unpaid debt amounting to PS60,000 and the debt is being owed for business rates.
And the current mismatch in terms of the cost of business rates compared to rentable values means speculative development is unlikely to get back on track any time soon.
AS average shop vacancies fall below 14% for the first time in four years, expert Bill Grimsey looks at how unfair business rates are causing a north-south divide on the high street.

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