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: