Issue - meetings

RECOMMENDATIONS AGREED:

Reason for decision – as specified in the report.

Other options considered - none.

Conflicts of interest/dispensations granted – none

RESOLVED:

2.1       That the award of Revaluation Relief in 2018/2019, by applying a discount to businesses’ bills that is broadly equivalent to forward capping the increases in businesses’ notional 2019/20 bills (after transitional relief) to no more than 5% for micro businesses and 10% for small businesses and that no further capping for medium sized businesses (i.e. no further relief offered for this size of business), be agreed.

2.3       That the Corporate Director of Resources, in consultation with the Executive
            Member for Economic Development, be authorised to vary the discounts
            and/or make individual awards of relief, if it appears that there will be unspent
            funds at the end of the financial year, be agreed.

2.4       That the Corporate Director of Resources, in consultation with the Executive
            Member for Economic Development, be authorised to adjust scheme awards
            proportionately or stop applications so as not to exceed the funding provided
            by government and to assess further awards of relief by reference to the sum
            that remains available, be agreed.

2.5       That the award of Pub Relief of up to £1,000 to qualifying public houses in    

            occupation of premises which have a Rateable Value of less than £100,000
            for the financial year 1 April 2018 to 31 March 2019 be agreed and that for
            every year thereafter that the government provides funding for this relief, it
            continue to be awarded at the level of any funding provided, unless there is
            proper reason to reverse it, as advised by officers, be agreed.

Reason for decision – To enable the distribution of Rate Revaluation Relief.

Other options considered – none other than as specified in the report.

Conflicts of interest/dispensations granted – none