TO APPROVE THE PUBS DISCOUNT POLICY FOR 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.

The Government have advised that they will provide a £1,000 discount for public houses with a rateable value of less than 100,000 for 2020/21.
They have asked local authorities to use their discretionary power to implement the discount which will be fully funded via S31 grant.

A policy has been devised which mirrors the previous scheme approved by Cabinet (Report 97/2017)

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.

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