Issue - meetings
Spring Budget 2017 - Business Rates Relief Schemes
Meeting: 04/09/2017 - Executive (Item 40)
40 Spring Budget 2017 - Business Rates Relief Schemes 
PDF 242 KB
Report of Chief Finance Officer
Purpose of report
To provide members of Executive with an update on the Spring Budget 2017 changes to Business Rates and to seek approval of the local Discretionary Business Rate Relief Scheme and Pubs Relief Scheme.
Recommendations
The Executive is recommended:
1.1 To note the contents of the report and any financial implications for the Council.
1.2 To approve the adoption of the local Discretionary Business Rate Relief Scheme for 2017-2018.
1.3 To approve the adoption of the Pubs Relief Scheme for 2017-2018.
Additional documents:
- Appendix A - Draft Local Discretionary Relief Scheme, item 40
PDF 307 KB
- Appendix B - Draft Pubs Relief Scheme, item 40
PDF 309 KB
- Annex to Minutes - local Discretionary Business Rate Relief Scheme for 2017-2018, item 40
PDF 307 KB
- Annex to Minutes - Pubs Relief Scheme, item 40
PDF 309 KB
- Webcast for Spring Budget 2017 - Business Rates Relief Schemes
Decision:
Resolved
(1) That the report and financial implications for the Council be noted.
(2) That the adoption of the local Discretionary Business Rate Relief Scheme for 2017-2018 (annex to the Minutes as set out in the Minute Book) be approved.
(3) That the adoption of the Pubs Relief Scheme for 2017-2018 (annex to the Minutes as set out in the Minute Book) be approved.
Minutes:
The Chief Finance Officer submitted a report to provide members of Executive with an update on the Spring Budget 2017 changes to Business Rates and to seek approval of the local Discretionary Business Rate Relief Scheme and Pubs Relief Scheme.
Resolved
(1) That the report and financial implications for the Council be noted.
(2) That the adoption of the local Discretionary Business Rate Relief Scheme for 2017-2018 (annex to the Minutes as set out in the Minute Book) be approved.
(3) That the adoption of the Pubs Relief Scheme for 2017-2018 (annex to the Minutes as set out in the Minute Book) be approved.
Reasons
The report sets out a proposed Local Discretionary Relief scheme to provide relief to business ratepayers in properties facing substantial business rates rises as a result of the 2017 Revaluation. The local scheme aims to distribute no more than the Government grant provided for this purpose in the Spring Budget.
Alternative options
Option 1: Members could choose not to adopt the proposed schemes, but in view of the fact that expenditure will be reimbursed the Government expects billing authorities to grant relief to all qualifying ratepayers.