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Issue - meetings
National Non-Domestic Rate (NNDR) Relief
Meeting: 04/12/2017 - Cabinet (Item 49)
49 National Non-Domestic Rate (NNDR) Relief PDF 115 KB
(Council Decision)
Additional documents:
- Enc. 1 for National Non-Domestic Rate (NNDR) Relief, item 49 PDF 65 KB
- Enc. 2 for National Non-Domestic Rate (NNDR) Relief, item 49 PDF 34 KB
Minutes:
The Assistant Director, Financial Services and Revenues, presented a report which sought Cabinet approval for a policy in respect of the level of discretionary business rate relief to be granted to certain defined ratepayers with Hastings Borough Council area.
Following a revaluation of premises in April 2017, a number of local business have seen an increase in the business rate liabilities. Under the localism act 2011, the council may grant discretionary business rate relief. The council has been awarded an additional grant by the government, to assist businesses affected by the revaluation.
The funding covers a 4 year period and a draft policy for administering the grant was appended to the report. In order to be eligible for funding, the business must have been occupying their premises on 1 April 2017. The council has consulted the major preceptors on the proposed scheme.
Around 300 potential recipients of the proposed scheme have been identified, and these businesses will be contacted directly, once the policy has been approved.
Councillor Chowney proposed approval of the recommendations to the Assistant Director, Financial Services and Revenues report, which was seconded by Councillor Lee.
RESOLVED (unanimously) that:
1. The draft policy attached to the report is approved, and;
2. The Assistant Director, Financial Services and Revenues, is authorised, in consultation with the Leader of the Council, to make any necessary changes to the policy, if there are changes or likely to be changes in legislation, or if the total relief being granted could result in the total payments exceeding the level of grant
The reason for this decision was:
The council needs a policy to set out how they will allocate the grant monies received from central government to help local businesses affected by the revaluation.
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