Issue - meetings

Report of the Cabinet Member Finance

RESOLVED THAT

1. a business rates retail relief scheme and business rates reoccupation relief scheme be approved in line with the detailed guidance in appendix 2 to remain in place whilst 100% reimbursement is available from the Government

2. Due to the high volume of cases decisions relating to the application of the reliefs be delegated to Revenues Service officers, with the final decision in the event of dispute being taken by the Director of Resources

The Cabinet Member Finance introduced the report and explained that the Government had announced in the Autumn that it would provide two types of business rates relief to certain occupied retail properties for 2014-2015 and 2015-2016. The first relief would provide up to £1 000 in each of the financial years for qualifying retail properties which are occupied and have a rateable value of £50 000 or less. The second, Reoccupation Relief, would provide 50 % relief for up to 18 months when a property which has previously been occupied for retail use is reoccupied between 1 April 2014 and 31 March 2016.

RESOLVED THAT

1. a business rates retail relief scheme and business rates reoccupation relief scheme be approved in line with the detailed guidance in appendix 2 to remain in place whilst 100% reimbursement is available from the Government

2. Due to the high volume of cases decisions relating to the application of the reliefs be delegated to Revenues Service officers, with the final decision in the event of dispute being taken by the Director of Resources