Business Rates Flashcards
1
Q
What properties are not included for business rates
A
Agricultural land and buildings
2
Q
What business rates releif are related
A
Small businesses and businesses in a rural area
3
Q
When do you get small business rate relief
A
When the rateable value is less than £15,000. You will not pay business rates on a rateable value of £12,000 or less
4
Q
What is the small business multiplier
A
49.9p
5
Q
What is the standar multiplier for business rates
A
51.2p
6
Q
If you’re a small business but do not qualify for small business rate relief what does your small business rate need to beless than
A
£51,000
