Issue - meetings

Report of the Cabinet Member Finance

RESOLVED THAT

1.     the increase in the level of retail relief to £1,500 for 2015-2016 to be awarded in line with the detailed guidance in appendix 2 be approved

2.     a scheme of transitional rate relief in line with principles set out in appendix 3 be approved.

3.     It be approved that the extended transitional relief scheme remains in place whilst 100% reimbursement is available from the Government

4.     Authority be delegated to the Revenues Manager to award transitional relief, in line with the detailed guidance, with the final decision in the event of dispute being taken by the Director of Resources

The Leader introduced the report which related to the Government’s announcement to extend the current transitional relief scheme which limited increases to business rate bills following a revaluation to March for properties with a rateable value up to £50 000. He reported that the Government had also announced that the amount of retail relief which was introduced in 2014/15 was to increase from £1000 to £1500 in 2015/16. The Leader highlighted that the Government would reimburse the council for the cost of these reliefs.

RESOLVED THAT

1.     the increase in the level of retail relief to £1,500 for 2015-2016 to be awarded in line with the detailed guidance in appendix 2 be approved

2.     a scheme of transitional rate relief in line with principles set out in appendix 3 be approved.

3.     It be approved that the extended transitional relief scheme remains in place whilst 100% reimbursement is available from the Government

4.     Authority be delegated to the Revenues Manager to award transitional relief, in line with the detailed guidance, with the final decision in the event of dispute being taken by the Director of Resources