Issue - meetings
Business Rates Revaluation Relief for 2019/20
Meeting: 07/02/2019 - Executive (Item 590)
590 Business Rates Revaluation Relief for 2019/20 
PDF 135 KB
Additional documents:
- Appendix C Retail Relief Discount_Guidance for 2019-21, item 590
PDF 340 KB
- Appendix D Business Rates Information Letter Feb 2017, item 590
PDF 386 KB
- Appendix E RIA of Retail and Revaluation Relief for 2019 to 2021, item 590
PDF 159 KB
Decision:
AGREED RECOMMENDATIONS
Reason for decision – as specified in the report.
Other options considered - none.
Conflicts of interest/dispensations granted – none
Minutes:
RESOLVED:
2.1 That:
(a) the Council award Retail Relief equivalent to one third of their daily charge to qualifying businesses in occupation of retail premises which have a rateable value of less than £51,000 towards their rates bills in respect of the financial years 2019/20 and 2020/21 be agreed.
(b) this Retail Relief is applied in accordance with the Islington Retail Relief Scheme which is contained in Appendix A of this report be agreed.
2.2 (a) the Council goes further than the government’s Retail Relief upper limit of £51,000 and uses its allocation of Revaluation Relief funding to support businesses with rateable values from £51,000 to £60,000 in respect of the financial years 2019/20 and 2020/21 be agreed
(b) this Revaluation Relief is applied in accordance with the Revaluation Relief Scheme which is contained in Appendix B of this report be agreed
Reason for decision – to provide rates relief to qualifying
businesses.
Other options considered – none other than as specified in the report.
Conflicts of interest/dispensations granted – none