IRRV Alert - week ending 22nd July 2011

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Local Government Resource Review: Proposals for Business Rates Retention - Consultation

 

 

 

 

Please find below the link to the Localised Business Rates (and TIF) consultation.

This consultation sets out the Government’s proposed core components for a business rates retention system. In addition, the consultation sets out how it proposes Tax Increment Financing will operate within the business rates retention system as a way of funding infrastructure investment to unlock economic growth. This consultation also outlines how the proposals interact with wider Government initiatives to promote growth, including the existing New Homes Bonus, and considers how they will work alongside the existing architecture of the business rates system which the Govt. are not proposing to change – for example rate reliefs and the national business rate multiplier. Eight technical papers will be published in August which provide further detail on some of the topics in this consultation.

Consultation ends on 24th October.  The reach of this document is England only. 

 

http://www.communities.gov.uk/publications/localgovernment/resourcereviewbusinessrates

 

 

 

 


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