Issue - meetings

Business Rates - Discretionary Rate Reliefs 2017/18

Meeting: 13/09/2017 - Cabinet (Item 8)

8 Business Rates - Discretionary Rate Relief 2017/18 pdf icon PDF 166 KB

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Decision:

2.1         Cabinet agreed that support for small businesses losing Small Business Rate Relief, to limit increases in their bills to the greater of £600 or the transitional relief cap for small businesses, for one year from 1 April 2017.

 

2.2         Cabinet agreed a £1,000 business rate discount for public houses with a rateable value of up to £100,000, subject to state aid limits for businesses with multiple properties, for one year from 1 April 2017

 

2.3         Cabinet agreed to support individual businesses in the local area who have large increases in their business rates bills as a result of the 2017 revaluation, by restricting the increase in a bill to a maximum of 5%, for one year from 1 April 2017. Subject to the criteria detailed in the body of the report.

 

Minutes:

Councillor Eldred, as the relevant Cabinet Member, submitted a report and noted that in the past 4 years, the Council had assisted 170 private business who had suffered difficulties in paying rates. He also noted that numerous public houses had faced challenging financial times and that a discount would be applicable for some.

 

The Leader commented that it was a very good report and welcomed the recommendations.

 

RESOLVED:

 

2.1         That support for small businesses losing Small Business Rate Relief, to limit increases in their bills to the greater of £600 or the transitional relief cap for small businesses, for one year from 1 April 2017 be agreed.

 

2.2         That a £1,000 business rate discount for public houses with a rateable value of up to £100,000, subject to state aid limits for businesses with multiple properties, for one year from 1 April 2017 be agreed.

 

2.3         That support be given to individual businesses in the local area who have large increases in their business rates bills as a result of the 2017 revaluation, by restricting the increase in a bill to a maximum of 5%, for one year from 1 April 2017. Subject to the criteria detailed in the body of the report.