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Issue - meetings
Discretionary Business Rates Relief Policy
Meeting: 12/02/2018 - Cabinet (Item 66)
66 Discretionary Business Rates Relief Policy PDF 112 KB
(Council Decision)
Additional documents:
- Appendix 1 - Discretionary Business Rate Relief Policy, item 66 PDF 59 KB
- Appendix 1a - Exclusions from Scheme, item 66 PDF 34 KB
Minutes:
Assistant Director, Financial Services and Revenues presented a report which sought approval for a policy in respect of the level of discretionary business rate relief to be granted to certain defined ratepayers in the council’s area.
Following a revaluation of premises in April 2017, a number of local businesses 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 for a 4 year period, to assist businesses affected by the revaluation.
The funding reduces significantly over the 4 year period, and it is therefore necessary for the council to review its policy each year. Once approved, the new policy will come into effect on 1 April 2018.
Councillor Chowney proposed approval of the recommendations to the report, which was seconded by Councillor Lee.
RESOLVED (unanimously) that:
1. The Cabinet approves the attached policy.
2. To authorise the Assistant Director of Financial Services and Revenues (Chief Finance Officer), in consultation with the leader of the Council, to make any necessary amendments to the policy, where the total relief being granted is potentially going to be above or below the level of grant.
3. To delegate authority to the Chief Finance Officer to approve the schemes in future years.
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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