Written Cabinet Statement Consultation On Proposals To Enhance The Provision Of Non Domestic Rates Relief
Date of decision:
7th May 2008
Statement of information:
The Assembly Government is committed to enhancing the Small Business Rate Relief Scheme which replaced the Rural Rate Relief Scheme from 1 April 2007. Welsh Ministers have powers to introduce and amend a business relief scheme under sections 43(4B)(b), 44(9) and 143(1) and (2) of the Local Government Finance Act 1988.
The Minister for Social Justice and Local Government has published a consultation on proposals, to be implemented in financial year 2008-2009, to
(i) Increase from £5,000 to £6,000 the rateable value of most shops in Wales eligible for 25% relief;
(ii) Provide 50% relief for hereditaments wholly occupied by Credit Unions in Wales with a rateable value of up to £9,000; and
Provide 50% relief for hereditaments wholly occupied by child care businesses and day nurseries in Wales with a rateable value up to £12,000.
current Local government consultations