Discretionary relief scheme
The Government announced the establishment of a £300m national discretionary fund over four years from 2017-18 to support those businesses that face the steepest increases in their business rates bills as a result of the 2017 revaluation.
The government have indicated that support under the funding provided, should be considered for businesses that have rateable values of under £200,000 and have seen an increase of greater than 12.5% in their gross liabilities from 2016-17 to 2017-18 and these have been made conditions of the allocated grant funding. The table below shows the national annual provision of funding and the amount allocated to South Gloucestershire:
|Year||National||South Gloucestershire Council|
Local authorities can determine how this fund will be targeted and administered to support those businesses and locations within their area that are in the greatest need. The relief will be administered through billing authorities’ discretionary relief powers under section 47 of the Local Government Act 1988.
Please see DRR Relief Scheme document for details of the scheme.
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