Treasury written question – answered at on 16 October 2024.
Kemi Badenoch
Minister of State (Housing, Communities and Local Government), Minister of State (Foreign, Commonwealth and Development Office), Minister for Women and Equalities, Shadow Secretary of State for Housing, Communities and Local Government, Shadow Secretary of State for Levelling Up, Housing and Communities
To ask the Chancellor of the exchequer, pursuant to the Answer of 12 September 2024, to Question 4354, on Public Houses: Business Rates, whether (a) pavement licences under the Business and Planning Act 2020 and (b) outdoor licensing under the Licensing Act 2003 affect the assessment of a Fair Maintainable Trade for the purposes of the Rateable Value valuation or revaluation.
James Murray
The Exchequer Secretary
Fair Maintainable Trade (FMT), for the purposes of determining a property’s rateable value, is an assessment of the property’s potential turnover. The absence or presence of a pavement or outdoor license will be reflected in the overall FMT for each pub.
Yes5 people think so
No1 person thinks not
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