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Business Rates Revaluation Relief for 2019/20

Meeting: 07/02/2019 - Executive (Item 590)

590 Business Rates Revaluation Relief for 2019/20 pdf icon PDF 135 KB

Additional documents:

Decision:

AGREED RECOMMENDATIONS

Reason for decision – as specified in the report.

Other options considered - none.

Conflicts of interest/dispensations granted – none

Link to report

 

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