Decision details

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

Purpose:

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.

Decision:

RESOLVED

 

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.

 

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.

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

Accompanying Documents: