A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Council and councillors

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