IRRV Alert - week ending 24th August 2018
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75% business rates retention pilots 2019 to 2020: prospectus
Guidance
75% business rates retention pilots 2019 to 2020: prospectus
Invitation to local authorities to pilot 75% business rates retention in 2019 to 2020.
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Details
This prospectus invites local authorities to submit proposals to pilot 75% business rates retention in 2019 to 2020 and sets out the application process and the criteria on which applications will be assessed. Proposals for new pilots must be submitted to the department by Tuesday 25 September 2018.
This builds on the government’s manifesto commitment to continue to give local government greater control over the money they raise. The government aims to increase the level of business rates retained by local government from the current 50% to 75% in April 2020.
Other related documents
- Local government finance settlement 2019 to 2020: technical consultation published 24 July 2018.
Published 24 July 2018
Last updated 21 August 2018 + show all updates
Last updated 21 August 2018 + show all updates