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Decision details

Decision details

London Business Rates Pooling

Decision Maker: Cabinet Member for Finance, Property and Regeneration

Decision status: Recommendations Approved

Is Key decision?: No

Is subject to call in?: No

Purpose:

To review the new offer regarding the 2019-20 business rates pool and seek Cabinet Member approval.

Decision:

That the Council’s Section 151 officer, in consultation with the Cabinet Member for Finance, Property and Regeneration, be given delegated authority to agree the operational details of the pooling arrangements with the participating authorities and to enter into the Pooling Memorandum of Understanding.

 

 

 

The offer for London to enter a Pilot Pooling arrangement, as contained in the Provisional Local Government Finance Settlement, requires each London Borough and the GLA to formally agree to enter such a pool and to confirm the basis of distribution as set out in the Pooling Memorandum.

 

Publication date: 22/02/2019

Date of decision: 22/02/2019