Decision details
Discretionary Retail Discount Policy updated-2020/21
Decision Maker: Strategic Director for Resources
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: No
Purpose:
TO UPDATE THE DISCRETIONARY RETAIL DISCOUNT
POLICY FROM 2020/21 IN ACCORDANCE WITH CENTRAL GOVERNMENT
GUIDANCE.
Cabinet authorised (report number 97/2017) that the Assistant
Director (Finance), in consultation with the Cabinet member with
portfolio for Growth, Trading Services and Resources (except
Finance) to determine, finalise and review the Discretionary
Revaluation Rate Relief Policy and other rate relief schemes in
line with guidance issued by the Government and further local
schemes relating to Non-Domestic Rate Relief as advised.
Decision:
The Government provided a retail discount
scheme for occupied retail properties with a rateable value of less
than 51,000 for each of the years 2019/20 and 2020/21. The
Government have announced their intention to increase the discount
for 2020/21 to 50% and requested all local authorities to apply the
discount promptly.
A policy has been approved under delegation and has been updated to
reflect the change
Alternative options considered:
No other options considered
Publication date: 13/02/2020
Date of decision: 29/01/2020