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Uniform Business Rate
(redirected from UBR)

   Also found in: Dictionary/thesaurus, Acronyms, Encyclopedia, Wikipedia 0.01 sec.
Uniform Business Rate
Also called the UBR. The local tax rate for commercial property in England and Wales. The rate changes every year due to inflation. Even though it is paid to local governments, it is determined by the central government.


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But the UBR will be re-based according to September's retail price index, which will not be known until later this month.
Nevertheless, this type of flow control is used thoroughly by CBR, VBR, and UBR services.
Mr Evans, head of rating at property consultants King Sturge, said: "The UBR is set annually by central government and rates payable are calculated by multiplying the rateable value by the uniform business rate - subject to transitional phasing arrangements which will cushion any dramatic increases.
 
 
 
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