VerbatimParliament, as it happens

Public Houses: Business Rates

Asked by Mrs Kemi BadenochConservativeTreasuryTabled Answered 16 October 2024UIN 7832

The question

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.

Answered by James Murray

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.

Verbatim has judged this answer against the question that was actually asked — answered, partly answered, or evaded. Sign in to see the verdict →

Open this question in Verbatim →

Every written question, searchable

155,000 questions tabled since the election, with the answer each department gave — and the ones still unanswered, with the clock running. Free to search.

Search written questions →Read on Verbatim