Decision details

Decision details

Business Rates - New Retail Discretionary Rates Relief

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: No

Decisions:

The Business Manager – Revenues & Benefits presented a report which sought adoption of a proposed new Business Retail Rates Relief Scheme for the 2019/20 and 2020/21.  The Government announced on 29 October 2018 that it would provide business rates relief of up to one third to all occupied retail properties with a rateable value of £51,000 or less in each of the years 2019/20 and 2020/21. As this measure was for two years only the government would reimburse local authorities that use their discretionary relief powers to grant relief. It was for individual local billing authorities to adopt a local scheme and decide in each individual case when to grant relief.

 

Properties that were occupied with a rateable value of £51,000 or less, which were wholly or mainly being used as shops, restaurants, cafes and drinking establishments would qualify for relief. The report set out a broad but not inclusive list of those businesses which would qualify. Equally the report identified the types of properties that would not qualify as they were being used for the provision of services such as banking and medical.

 

AGREED (unanimously) that the proposed new Business Retail Rates Relief Scheme for the 2019/20 and 2020/21 financial years be adopted. 

 

Reason for Decision

 

To establish a local business rates retail relief scheme for the financial years 2019/20 and 2020/21.

 

Publication date: 10/07/2019

Date of decision: 24/01/2019

Decided at meeting: 24/01/2019 - Policy & Finance Committee

Accompanying Documents: