Chichester District Council
Decision details

Decision details

100% Localisation of Business Rates 2018-2019 Pilot Scheme

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

DCLG have published a paper on 1st September inviting local authorities to submit pilot bids for one year (2018/19) for 100% localisation of business rates. Bids must be submitted by 27th October, with the outcome being advised by DCLG in December.

100% pilots will retain all locally-collected business rates and will receive additional responsibilities in return. Any difference between the increase in business rate retention and new responsibilities will be offset by an adjustment to top-ups or tariffs. The creation of the pilots will therefore be “fiscally neutral” at baseline. However authorities will gain from retaining 100% of any above-baseline growth.

This report will seek delegated approval from Cabinet for The Council’s Chief Executive and the Head of Finance and Governance to commence drafting a bid submission in conjunction with their colleagues from across the County. If successful the final decision whether to go ahead with the pilot will be taken by full Council once the DCLG have notified the bidding authorities.

Decision:

RESOLVED

 

That it be approved that authority be delegated to Chichester District Council’s Chief Executive and Head of Finance and Governance Services following consultation with the Cabinet Member for Finance and Governance Services, to determine whether to submit a bid to the Department of Communities and Local Government (DCLG) for Chichester District Council to take part in the 2018-2019 pilot for 100% business rate retention.

Report author: Mrs Lisa Baines

Publication date: 05/10/2017

Date of decision: 03/10/2017

Decided at meeting: 03/10/2017 - Cabinet

Effective from: 12/10/2017

Accompanying Documents:

 

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