Image from Google Jackets

Business rate supplements a White Paper [electronic resource]

By: Language: English Series: Cm ; 7230Publication details: London HM Treasury 2007Subject(s): LOC classification:
  • 336.21 $2 18
Online resources:
Partial contents:
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
Summary: 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.
Holdings
Item type Current library Call number Copy number Status Barcode
Book Virtual Online L140806 (Browse shelf(Opens below)) 1 Available 140806-1001

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.