75% Localisation of Business Rates 2019-20 Pilot Scheme
Decision Maker: Cabinet
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
General Exception applies as details received on 5 September 2018 and decision required by 22 September 2018. Chairman of Overview and Scrutiny Committee advised 6 September 2018.
That the submission of a bid to the Ministry of Housing, Communities and Local Government for the Council to take part in the 2019/20 pilot for 75% Business Rate retention be approved.
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.
Report author: Dominic Bradley
Publication date: 21/09/2018
Date of decision: 20/09/2018
Decided at meeting: 20/09/2018 - Cabinet
Effective from: 29/09/2018