See also post directly above this one – what a mess.
Councils are said to be getting 100% of business rates in 2020 ( though our Local Enterprise Partnership will gobble up all those due in Enterprise Zones such as the Exeter and East Devon Growth Point).
Looks like that may be 100% of very little … or nothing.
“[A government]Committee found the impact of appeals by ratepayers is dwarfing increases in business rates revenue and affecting growth incentives, with local authorities setting aside substantial sums of money, often for long periods of time, in case an appeal is successful.
The interim report – focusing on plans to bring in the reformed scheme in 2020 – also states that without RSG [Rates Support Grant] it will prove difficult to provide a system which gives incentives to growth and looks after those authorities with particular need.
It calls on the Government to specify how it will protect councils which rely on redistributed business rates and are worried that they will lose out under the new system.
The Committee hopes the Department for Communities and Local Government (DCLG) will consider the report ahead of its consultation on business rates proposals this summer. Once this is complete, the Committee will invite DCLG Ministers to give evidence before making a final report.”
http://www.parliament.uk/business/committees/committees-a-z/commons-select/communities-and-local-government-committee/news-parliament-2015/business-rates-report-published-16-17/
East Devon Watch 