National Non Domestic Rates Flashcards
1
Q
What are NNDR?
A
tax based on the rental value of a non-domestic property
2
Q
Who pays NNDRs to?
A
the occupier to the local authority
3
Q
what are NNDRs more commonly known as?
A
Uniform Business Rates
4
Q
How are UBRs calculated?
A
rental value x multiplier (poundage)
5
Q
Define UBR’s
A
a tax fixed by central government based on the annual value of non-domestic property, paid by occupiers or, where there are no occupiers, owners, to a local authority which is responsible for providing services within the locality
6
Q
When was UBRs introduced?
A
1st April 1990 under the Local Government Finance Act 1988
