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News - 29 January 2016

City Council consults businesses on 2016/17 Budget

The consultation window to respond to the budget plans from Brighton & Hove City Council is open until 15.2.17.

Brighton & Hove City Council is undertaking a consultation around the annual budget for 2016/17 and, as part of this, there is a requirement to consult with the business sector.  

The government is continuing to reduce council funding, while demand for services and the costs of providing them are going up. Brighton & Hove City Council needs to provide services in a different way.

Go to
www.brighton-hove.gov.uk/business-budget-feedback
to find out about the council’s budget proposals for 2016/17.

If you have any comments on the proposals, please email them to the City Council finance team on ifmp@brighton-hove.gov.uk by 17:00 on 15 February.

The feedback will be fed into the proposals and the final decision on the spending plans and proposed council tax rates will go to the budget council meeting on 25 February 2016.

Business Rates changes for 2016/2017

From 1 April 2016, the following discounts provided by the government will cease:

 £1500 Retail Rate Relief. This was put in place for a limited two year period, but will now end.

50% Long Term Empty re-occupation discount. This is an 18 month discount for ratepayers re-occupying a retail property that has been empty for 12 months or more. You will still be entitled to the remainder of the 18 month discount if you occupy before 1 April 2016, but no discount will apply at all if you occupy from 1 April onwards. 

 The increased 100% rate of Small Business Rate Relief will continue for ratepayers with a Rateable Value of less than £6,000, with a sliding scale of relief for those with a Rateable Value of 6,000 - 12,000.  

Revaluation of your Business Rates

Further ahead, all Rateable Values are being reviewed and yours could change as a result. The council has no control over the Revaluation exercise, which is carried out by the independent Valuation Office Agency every five years. The last Revaluation was postponed by the government for two years, and so your new Rateable Value will come into effect from 1 April 2017.  

The Valuation Office Agency will publish a draft version of the new Rateable Values list in Autumn 2016, so that you can check and raise any obvious issues. Details will be available at www.voa.gov.uk and you will also be contacted by the Valuation Office Agency directly.

 


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