Business rates retention
In October 2015, the Government announced that, by the end of this Parliament, local authorities will be able to keep 100 per cent of the business rates they raise locally. This is a fundamental change to in the way local government is financed.
The IRRV has been working with the Department for Communities and Local Government (DCLG) to ensure that local government is vocal in shaping the way that this new system will work.
We will continue to update this hub with useful information, including key papers and materials so check back on a regular basis.
To ensure that views from across the sector are represented in the development of a new system, we are inviting you to submit your view so all papers of all groups set up to help implement business rate retention as listed below. To feed in to the work on a new system for 100 per cent business rate retention, please email email@example.com
Key Consultation Papers
Consultation Paper: 2017: 100% business rates retention: further consultation on the design of the reformed system [Extent: England]
The Government published on 15th February 2017 a further consultation on business retention, on the design of the reformed system. This consultation seeks further views onthe implementation of the Government’s commitment to allow local government to retain 100% of business rates raised locally.
This consultation paper can be viewed here. The deadline to respond to the consultation is 3 May 2017.
Alongside the consultation document the Government have published the summary of responses to the original consultation and its own response. This is also available here.
Consulation: 2016: Self-sufficient local government: 100% business rates retention
This consultation closed at26 September 2016 12:00am
The Government published the summary of responses to the original consultation and its own response. This is also available here.
A technical steering group and a number of sub-groups have been established to provide information and expert advice to support the LGA and DCLG in advising Ministers on the setting up and implementation of this new system. The Steering Group will meet regularly and papers will be updated here.
Technical Working Group on the Fair Funding Review
ALATS Paper – Local Government Group
Systems Design Working Group
Responsibilities Working Group
Accounting and Accountabilities Working Group
Interaction between central government protections and power to reduce multiplier in two tier areas
Business Interests Group
Consultation responses and other items