Nurseries, schools and GPs could all benefit from business rate relief proposal
PUBLISHED: 11:04 10 July 2017 | UPDATED: 11:04 10 July 2017
Cabinet members will meet on Tuesday
Doctor’s surgeries and nurseries could be eligible for tax relief should councillors approve a government-funded scheme this week.
Under proposals which have been recommended for approval, nurseries could see tax relief of up to 10 per cent, while schools and nurseries could get seven per cent off business rates.
Other eligible businesses could get five per cent relief.
Current business rates are calculated based on the rateable value of a property and a multiplier, which is set by the government.
If approved, relief will only be available to companies with a rateable value of up to £100,000, while the rate payer must not be receiving any other relief or exemption.
The council expects to review the scheme at the end of the financial year, should it be given the go ahead on Tuesday night.