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Issue - meetings

Business Rates Retail Relief and Pub Relief schemes - 1 April 2020 to 31 March 2021 and subsequent financial years

Meeting: 19/03/2020 - Executive (Item 707)

707 Business Rates Retail Relief and Pub Relief schemes - 1 April 2020 to 31 March 2021 and subsequent financial years pdf icon PDF 173 KB

Additional documents:

Decision:

The amended report circulated in the second despatch was noted.

 

AGREED RECOMMENDATIONS

Reason for decision – as specified in the report.

Other options considered - none.

Conflicts of interest/dispensations granted – none.

Link to the report

 

Minutes:

 

RESOLVED:

2.1     (a) That Retail Relief be awarded to qualifying businesses be agreed.  The value of this relief to be set at the value the government will reimburse the Council for in any particular financial year.

 

(b) That Retail Relief will be applied in accordance with and to the qualifying businesses the government identifies in its guidance be agreed.  Such guidance is typically provided by the Ministry of Housing, Communities & Local Government (MHCLG) in the “Business Rates Information Letters” they publish.  For reference a copy of the guidance in respect of the financial year 2020/2021 is contained in Appendix C of this report.

 

(c) That the Islington Retail Relief Scheme as set out in Appendix A of the report be agreed.

 

2.2     (a) That Pub Relief be awarded to qualifying businesses be agreed.  The value of this relief to be set at the value the government will reimburse the Council for in any particular financial year.

 

(b) That Pub Relief will be applied in accordance with and to the qualifying businesses the government identifies in its guidance be agreed.  Such guidance is typically provided by the Ministry of Housing, Communities & Local Government (MHCLG) in the “Business Rates Information Letters” they publish.  For reference a copy of the guidance in respect of the financial year 2020/2021 is contained in Appendix D of this report.

 

(c) That the Islington Pub Relief Scheme as set out in Appendix B of the report be agreed.

 

2.3     That the value and qualifying criteria for both Retail Relief and Pub Relief Schemes may vary in future so that the Council’s schemes exactly match the value and criteria set out by and reimbursed by the Government in respect of any financial year be agreed.

 

2.4     That the Director of Financial Operations and Customer Services be authorised to make any necessary changes to the Islington Retail Relief Scheme and / or the Islington Pub Relief Scheme to give effect to any revised guidance on retail rate and / or pub relief issued by the Government be agreed.

 

Reason for decision – To allow the Council to apply rate relief as per the agreed schemes and to support local businesses.

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

Conflicts of interest/dispensations granted – none.