Business Rates Reform Scrutiny Co-ordination Committee 7 th - PowerPoint PPT Presentation

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Business Rates Reform Scrutiny Co-ordination Committee 7 th September 2016 1 Business Rates Currently Councils pay 50% of BR collected to Govt Needs based calculation redistributes this back to Councils Coventry a net gainer but

Business Rates Reform Scrutiny Co-ordination Committee 7 th September 2016 1
Business Rates Currently Councils pay 50% of BR collected to • Govt Needs based calculation redistributes • this back to Councils Coventry a net gainer but size of gain is • reducing 2
Headline Change Govt Business Rates (BR) consultation • Councils to retain 100% of BR – c£120m for • Cov vs £60m currently Govt view that resources will replace RSG • and specific grants (Public Health?) Impact depends on how implemented • Will not solve budget pressure • Welcome localisation but risk transfer also • 3
Consultation Response Encourage economic growth • Allocate resources based on need • Use resource for best fit services not demand led • functions Value of new BR must match cost of new burdens • Review of most appropriate geographic basis for • sharing (e.g.) appeals risk Seeking to agree across Combined Authority 4

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