Business rate supplements [electronic resource] a White Paper
Business rate supplements a White Paper [electronic resource]
- London HM Treasury 2007
- Cm 7230 .
Executive Summary -- Empowering local authorities to promote economic development -- The Government's proposed approach to business rate supplements -- The economic impact of changes in business rates
Sets out the Government's proposal to introduce a power for local authorities and the Greater London Authority to raise and retain local supplements on the national business rate. Proposes a model for business rate supplements involving four levels of protection for business: revenue from supplements will only be available for spending on economic development ; a national upper limit of two pence in the pound on the level of supplements levied; properties liable for business rates with a rateable value of £50 000 or less will be exempted from paying supplements; where the supplement will support more than a third of the total cost of the project, there will also be a full "double-lock" ballot of businesses affected. Only the highest tier local authority in any area will be entitled to levy supplements.
United Kingdom--
336.21 $2 18
Executive Summary -- Empowering local authorities to promote economic development -- The Government's proposed approach to business rate supplements -- The economic impact of changes in business rates
Sets out the Government's proposal to introduce a power for local authorities and the Greater London Authority to raise and retain local supplements on the national business rate. Proposes a model for business rate supplements involving four levels of protection for business: revenue from supplements will only be available for spending on economic development ; a national upper limit of two pence in the pound on the level of supplements levied; properties liable for business rates with a rateable value of £50 000 or less will be exempted from paying supplements; where the supplement will support more than a third of the total cost of the project, there will also be a full "double-lock" ballot of businesses affected. Only the highest tier local authority in any area will be entitled to levy supplements.
United Kingdom--
336.21 $2 18