Local taxation/assessment - lvl 1 Flashcards
What is the definition of rateable value?
Tell me about your understanding of the role VOA/Local/Central Government play in the management of business rates.
What is the Local Government Finance Act 1988?
Tell me about Schedule 5 / 6?
How does the basis of value differ for rating differ to market rent?
What are the 4 tests of rateability?
How does Council Tax differ from business rates?
What approaches do the VOA use when valuing non-domestic property?
How does air conditioning affect value differently in different use classes?
Tell me about Woolway v Mazars.
How are rates payable calculated?
Tell me the process of challenging the rating list.
What is the UBR?
What is a hereditament?
What is the Valuation Tribunal?
What is small business rates relief and when does it apply?
What rates reliefs currently apply?
What is the antecedant valuation date?
What are empty rates?
Who is liable to pay empty rates?
Are there any exemptions from paying business rates?
What dates are relevant to the current rating list?
Why was the last revaluation delayed?
What is an MCC?
What is the difference between the antecedant valuation date, the material date and the effective date?
How are rates collected?
How are rates distributed?
What is the ‘tone of the list’?
What does rebus sic stantibus mean?
How does Council Tax work?
How does Council Tax differ from business rates?
