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SMDC business rates policy agreed

By Leek Post and Times  |  Posted: May 04, 2014

By Belinda Hargreaves

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Community leaders have agreed an authority's updated Business Rates Relief Policy.

Members of the Staffordshire Moorlands District Council's Cabinet agreed the updated policy at their April meeting.

The report about the changes states: "There have been several changes to the

relevant guidance and legislation, following the autumn statement on December 5, 2013, in which the Government announced measures to reduce business rate bills, at the discretion of Local Authorities, under S47 of the Local Government Finance Act.

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"The measures outlined are all subject to state aid limits and are:

Rate Relief of up to £1,000 for 2014/2015 and 2015/2016 on occupied hereditaments with a rateable value of £50,000 or less where it is considered to be a shop, restaurant, café or drinking establishment.

Rate Relief of 50 per cent for retail business where they are occupied on or after the 1st April 2014 after being unoccupied for at least a year.

New build properties – relief from empty properties is where the property was completed between 1st October, 2013, and 30th September, 2016, for the first 18 months."

Council eader Sybil Ralphs, pictured, said: "The last policy was updated in 2012.

"I think this policy is set in the right direction and I think it's going to come as a reassurance to both new and existing businesses."

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