Decision details
Business Rate Pilot Proposal
PDF 106 KBDecision Maker: Executive
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
Purpose:
To set out the arrangements for applying with
the other Berkshire councils to be a business rate pilot in
2019/20
Decision:
The proposed draft submission from the Berkshire local authorities for Business Rates Pilot status in 2019/20 as set out in Annex 1 of the Director: Finance’s report is endorsed and authorises the Director: Finance to incorporate any proposed changes arising from the meeting of the Berkshire Leaders on 24 September.
Reasons for the decision:
The recommendations are intended to provide the Executive with the opportunity to
review and endorse the Council’s involvement is a bid to secure Business Rates Pilot
status for Berkshire in 2019/20, with the submission date coinciding with the
Executive’s meeting.
Alternative options considered:
The bid could not be supported, which would mean the Council and other local
authorities would not have the opportunity to benefit from additional funding in
2019/20.
Interests and Nature of Interests Declared:
Councillor McCracken expressed an Affected Interest as a member of the Fire Authority.
Reason Key: Expenditure >£400,000 & Affects more than 1 ward.;
Wards Affected: (All Wards);
Financial Impact: A successful bid will enable the Council to retain 75% rather than the basic 50% of business rates growth
Declarations: Councillor McCracken expressed an Affected Interest as a member of the Fire Authority.
Subject to Urgent Proceedings: No
Making Representations: In writing to the Borough Treasurer or Executive Member for Transformation and Finance
Other reasons / organisations consulted
Any bid will need to be endorsed by all Berkshire authorities.
Consultees
CMT and other Berkshire authorities.
Contact: Stuart McKellar, Executive Director: Resources Email: stuart.mckellar@bracknell-forest.gov.uk Tel: 01344 352205.
Report author: Stuart McKellar
Publication date: 25/09/2018
Date of decision: 25/09/2018
Decided at meeting: 25/09/2018 - Executive
Effective from: 03/10/2018
Accompanying Documents: