Issue - decisions

75% Localisation of Business Rates 2019-20 Pilot Scheme

21/09/2018 - 75% Localisation of Business Rates 2019-20 Pilot Scheme

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.