Uniform Business Rate

noun

1. a local tax in the UK paid by businesses, based on a local valuation of their premises and a rate fixed by central government that applies throughout the country UBR

Example Sentences

Shops, offices, factories and businesses currently pay a uniform business rate set by central government.

From BBC

Each business property is given a rateable value by assessing its rent, and this is multiplied by a uniform business rate which is set nationally.

From The Guardian

He said the chancellor should use the £1.5bn on repairing potholes this winter, providing incentives for households to take up the Green Deal energy efficiency programme, handing small companies more generous investment allowances, abolishing stamp duty for shares in small and developing firms trading on the Alternative Investment Market, direct payments to exporters, a smaller rise than planned in uniform business rate and capital allowances for infrastructure projects.

From The Guardian