Meetings, agendas and minutes Calendar Committees Constitution Election Results Decisions ePetitions Notice of Key Decisions Library Meetings Outside bodies Search documents Subscribe to updates What's new Your Councillors Your County Councillors Your MEPs Your MPsTo consider changes to the Council’s Business Rate Discretionary Relief Policy to provide assistance to businesses.
In the March 2017 Spring Statement, The Chancellor announced measures to assist businesses following the revaluation of all Non-Domestic Properties from 01 April 2017. Two of those measures need to be reviewed for 2018. These are:
· Revaluation Relief Support for businesses that have suffered the largest increases in their Business Rate Bills. Fareham will receive a maximum, of £311,000 funding over a 4-year period
· Relief of up to £1,000 for public houses with Rateable Values up to £100,000.
This Council already has an established policy for granting Discretionary Rate Relief and the review will require a small amendment to that policy. This report seeks to vary the local policy to incorporate those changes.
The Government will full reimburse local authorities for the local share of the discretionary relief granted.
Decision type: Key
Reason Key: Significant affect on 2 or more wards;
Decision status: Recommendations Approved
Notice of proposed decision first published: 09/03/2018
Decision due: 9 Apr 2018 by Executive
Lead member: Executive Member for Policy & Resources
Lead director: Director of Finance & Resources
Contact: Adrian Collier, Local Taxation Manager Email: acollier@fareham.gov.uk.
Background Papers: None
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