business rate

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 British Retail Consortium last week wrote to chancellor Sajid Javid, urging the government to freeze business rate increases.
Local authorities keep half of business rate income with half going to central government.
For a start, the business rate system is entrenching regional inequalities.
If your business rate bill increased last year and is contributing towards financial hardship, you may qualify for the council's business rates relief scheme.
A Policy Network report calls for councils to have full powers to set business rate levels, working alongside combined authorities - alongside a new system for determining what businesses pay.
Clr Sheard added that business rate relief for small businesses was vital locally, adding: "We've got to make sure that continues."
In your North East Manifesto survey, there was huge support for a business rate cut, at 47.1%.
Ministers should also strongly lobby UK Government to retain the small business rate relief scheme beyond March, 2013.
Today the Federation of Small Businesses (FSB) called on the government to drop its plans, pointing out the uniform business rate was established in 1990 specifically to prevent councils in certain areas of the country from hitting firms with inflation-busting business rate rises.
The Supreme Court has given the government the right to appeal a PS300m court dispute over business rate bills for cash machines outside shops.
John Fuller, vice chairman of the LGA's Resources Board, said: "Ongoing delays in tackling business rate appeals from 2010 are heaping further financial uncertainty and pressure on our local services at a time when every penny counts to give councils the best chance of protecting services over the next few years.
Adjustments to the business rate multiplier will mean that overall, receipts from business rates will remain constant in real terms following the revaluation.

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