Issue - meetings

(Report of Director of Finance and Transformation)

The report gave details of new and renewal applications for discretionary rate relief and rural rate relief which were considered in accordance with the previously agreed criteria for determining such applications.

Following consideration by the Finance, Innovation and Property Advisory Board, the Cabinet Member for Finance, Innovation and Property resolved that:

(1)                                                    in respect of the re-application for discretionary relief shown at Annex 3 to the report,20% discretionary rate relief be awarded with effect from 1 April 2015 and time limited to 31 March 2017;

(2)                                                    in respect of the re-application for rural rate relief shown at Annex 4 to the report,80% discretionary rural rate relief be awarded time limited to 31 March 2017;

(3)                                                    the new application for rural rate relief be determined as follows:

The Village Pantry Tea Rooms Project, 2 Forstal Road, Aylesford – 100% discretionary rural rate relief be awarded, time limited to 31 March 2017; and

(4)                                                    the new application for discretionary rate relief be determined as follows:

all properties in the Borough occupied by Barclays Bank Plc, HSBC Bank Plc, Lloyds Banking Group and TSB Bank Plc – no discretionary relief be awarded.

Decision Notice D150071MEM

The report of the Director of Finance and Transformation gave details of new and renewal applications for discretionary rate relief and rural rate relief which were considered in accordance with the previously agreed criteria for determining such applications.

RECOMMENDED:  That

(1)                                                    in respect of the re-application for discretionary relief shown at Annex 3 to the report,20% discretionary rate relief be awarded with effect from 1 April 2015 and time limited to 31 March 2017;

(2)                                                    in respect of the re-application for rural rate relief shown at Annex 4 to the report,80% discretionary rural rate relief be awarded time limited to 31 March 2017;

(3)                                                    the new application for rural rate relief be determined as follows:

The Village Pantry Tea Rooms Project, 2 Forstal Road, Aylesford – 100% discretionary rural rate relief be awarded, time limited to 31 March 2017; and

(4)                                                    the new application for discretionary rate relief be determined as follows:

all properties in the Borough occupied by Barclays Bank Plc, HSBC Bank Plc, Lloyds Banking Group and TSB Bank Plc – no discretionary relief be awarded.