questionText: 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 A
answerText: 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.
heading: Public Houses: Business Rates