Decision details

100% Localisation of Business Rates 2018/19 Pilot Scheme

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: Yes

Decision:

            RESOLVED

 

            That the Director of Corporate Services, in consultation with the Cabinet Member for Finance and Assets, be authorised to determine whether to submit a bid to the DCLG for the Council to take part in the 2018/19 pilot for 100% Business Rate retention.

 

            REASON

 

            If taxation receipts grow faster than spending on additional responsibilities, a successful bid should result in a greater share of local taxation being retained in the area, for the benefit of residents and service users.

Publication date: 13/10/2017

Date of decision: 12/10/2017

Decided at meeting: 12/10/2017 - Cabinet

Effective from: 21/10/2017

Accompanying Documents: