business rates


business rates
The local tax paid in the UK by businesses. It is based on a local valuation of the property occupied by the business and the Uniform Business Rate (UBR) set by central government.
Compare: council tax

Accounting dictionary. 2014.

Look at other dictionaries:

  • business rates — [plural] ► TAX an amount of money that businesses are charged as tax for local services: »Central London retailers plan to demand reductions in their business rates. Main Entry: ↑business rate …   Financial and business terms

  • business rates — The local tax paid in the UK by businesses. It is based on a local valuation of the property occupied by the business and the Uniform Business Rate (UBR) set by central government …   Big dictionary of business and management

  • Business rates in Scotland — Business rates is the commonly used name of rates in Scotland, a tax on occupation of non domestic property. Rates are a property tax used to fund local services that dates back to the Poor Law.HistoryThe Poor Law introduced in Scotland in 1579… …   Wikipedia

  • Business rates in England and Wales — This article is about Business rates in England and Wales. For Scotland, see Business rates in Scotland. Taxation in the United Kingdom This article is part of the series: Politics and government of the United Kingdom Central gover …   Wikipedia

  • business rate — UK US noun ► [C] BANKING, FINANCE the rate of interest that banks charge businesses for borrowing money: »I could borrow the extra cash I need at a business rate of 4.89%. ● business rates Cf. business rates …   Financial and business terms

  • Rates (tax) — This article is about the property tax system. For the burden ratio at which a business or person is taxed, see Tax rate. For the current local government tax levied in England, Scotland, and Wales, see Council Tax. Rates are a type of property… …   Wikipedia

  • Rates Act 1984 — The Rates Act 1984 is an Act of Parliament in the United Kingdom, which controls the tax raising powers of local authorities.BackgroundThe Thatcher government had been at odds with several high spending Labour controlled councils. The Local… …   Wikipedia

  • Business improvement district — A business improvement district (BID) is a defined area within which businesses pay an additional tax or fee in order to fund improvements within the district s boundaries. Grant funds acquired by the city for special programs and/or incentives… …   Wikipedia

  • rates — See: business rates …   Accounting dictionary

  • rates — See business rates …   Big dictionary of business and management