business rate

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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.
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business rate

Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson
References in periodicals archive ?
The chief executives of Costcutter, Spar and the Co-op Group have joined forces with grocery multiples to demand the government reform the "broken business rates system".
The figures highlight growing discontent about business rates, which are calculated on the basis of property values and a multiplier that rises with inflation.
MORE than 50 major UK retailers have demanded action from the government to fix the "broken" business rates system.
AN administrative blunder means a council-owned hotel still owes PS104,000 in unpaid business rates - to itself.
Almost 300 retailers will be receiving a business rates discount.
A FUNDAMENTAL reform of business rates is needed to save the high street, the shopworkers union claims today.
MP Nicky Morgan, chairman of the Treasury Committee, explains why she wants to hear from West Midlands businesses about the impact of business rates The British High Street is suffering.
There is an invisible enemy that is damaging many traditional retailers - a business rates system that is failing badly.
THE business rates multiplier has risen to 50.4p in the pound, with the British Retail Consortium saying retailers in England, Scotland and Wales are now shouldering an additional PS200m of taxes.
BUSINESS rates are set to hit a record high after a near PS730million surge next year.
Last year the council secured Government funding to help local businesses following a revaluation of business rates. The changes saw business rates increase for some companies.

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