Issue - meetings
Business Rate Relief
Meeting: 04/02/2020 - Cabinet (Item 19)
19 Business Rate Relief 
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Minutes:
Background:
The Cabinet accepted this report as urgent to enable it to ensure that the Council could implement discretionary business rate relief for 2020/21, in particular to ensure compliance with the timetable for issuing business rate bills for 2020/21, including the increased financial support thereon (the billing process was due to commence on 21 February 2020).
The report explained that on Monday 27 January 2020, the Financial Secretary to the Treasury made a Written Ministerial Statement announcing additional business rate measures that would apply from 1 April 2020, details of which were set out at section 3 of the report.
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Decision number:
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Decision:
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36/2020 |
The Cabinet agreed that Pub Discount for hereditaments as defined at paragraph 3.1 of the report be awarded in accordance with paragraph 4.1.1 of the report.
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37/2020 |
The Cabinet agreed that Retail Discount for hereditaments as defined at paragraphs 3.2.1 to 3.2.2 of the report are awarded.
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38/2020 |
The Cabinet agreed that Retail Discount for hereditaments as defined at paragraphs 3.2.3 to 3.2.5 of the report are not awarded. |
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39/2020 |
The Cabinet agreed that Local Newspaper relief for hereditaments as defined at paragraph 3.3 of the report are awarded.
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40/2020 |
The Cabinet agreed that Rural Rate relief is extended from 50% to 100% for qualifying hereditaments as defined at paragraph 3.4 of the report. |
Reasons:
The Pubs Discount, Retail Discount, Local Newspaper Relief and Rural Rate relief schemes have been promoted by and will be funded by central Government to assist business ratepayers. Given the lack of cost to the local taxpayer it is appropriate for the Council to operate such schemes.