Decision - Business Rates - rate relief schemes
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Decision details
Business Rates - rate relief schemes
Decision Maker: Policy, Resources & Growth Committee
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: No
Purpose:
Policy review of two Business Rate Relief
schemes:
1) Revaluation Rate Relief
2) Discretionary Rate Relief for charities and not for profit
organisations
Decision:
RESOLVED: That the Committee
(i) Approved the policy for Discretionary Rate Relief at Appendix 2.
(ii) Approved the proposals in paragraphs 3.13 to 3.20 concerning
Revaluation Rate Relief for 2018 to 2021, summarised as follows:
· The policy from 2017-18 shall be continued for the remaining lifetime of the Revaluation Rate Relief scheme
· The qualifying Rateable Value threshold shall be reduced to £80,000 for 2018-19.
· Starting thresholds for future years shall be set at £40,000 for 2019-20 and £15,000 for 2020-21
· Officers shall be empowered to alter the thresholds incrementally during each year, or to alter the other parameters of the scheme, to maximise the use of available government funding
Report author: Paul Ross-Dale
Publication date: 12/07/2018
Date of decision: 12/07/2018
Decided at meeting: 12/07/2018 - Policy, Resources & Growth Committee
Accompanying Documents:
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