Issue - meetings

Report of the Interim Executive Director – Finance and Governance

Purpose of report

To provide members with an update on the Business Rates Retail Relief announced in the recent Budget and to propose a Retail Relief Policy for recommendation to Executive.

Recommendations

The meeting is recommended:

 1.1        To note the contents of this report.

1.2      To consider and recommend to Executive the proposed Business   Rates Retail Relief Policy contained in Appendix 1 of the report.

Resolved

(1)  That the contents of the report be noted.

(2)  That the proposed Business Rates Retail Relief Policy be recommended to Executive for consideration.

The Committee considered a report from the Interim Executive Director – Finance and Governance, which provided an update on the Business Rates Retail Relief announced in the recent budget, and proposed a Retail Relief Policy.

In introducing the report, the Interim Executive Director – Finance and Governance advised the committee that the scheme applied to occupied retail premises with a rateable value of less than £51k in the years 2019-20 and 2020-21.

Following questions from the committee, the Operations Director – CSN Resources advised that any retail relief awarded by the Council would be reimbursed by central Government.

Resolved

(1)  That the contents of the report be noted.

(2)  That the proposed Business Rates Retail Relief Policy be recommended to Executive for consideration.