Business rates retention pilot considered by Chichester District Council

The owner of Purchases in North Street says his business rates has gone up around 17 per cent this year
The owner of Purchases in North Street says his business rates has gone up around 17 per cent this year

The district council is considering making a request to pilot retaining 100 per cent of its business rates.

Currently, Chichester District Council (CDC) keeps 40 per cent, with the county council retaining ten per cent.

“In practice, however, a system of tariffs means that we actually retain much less, and most significantly we only retain 20 per cent of any growth in business rates due to a 50 per cent levy being applied to our 40 per cent district share,” John Ward, CDC’s head of finance and governance services said in a report ahead of a October 3 cabinet meeting.

Members will consider requesting to take part in the pilot for 2018-19 by the October 27 deadline.

The government wants to eventually fully localise business rates, but although 100 per cent could be retained, pilot authorities will take on extra responsibilities.

Some city centre businesses have said their business rates rose by up to 20 per cent this year after a major hike.

Don’t miss out on all the latest breaking news where you live.

Here are four ways you can be sure you’ll be amongst the first to know what’s going on.

1) Make our website your homepage at www.chichester.co.uk/

2) Like our Facebook page at www.facebook.com/ChichesterObserver

3) Follow us on Twitter @Chiobserver

4) Register with us by clicking on ‘sign in’ (top right corner). You can then receive our daily newsletter AND add your point of view to stories that you read here.

And do share with your family and friends - so they don’t miss out!

The Chichester Observer - always the first with your local news.

Be part of it.