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Detail of outcome
In October 2014 the government consulted on proposals to allow local government to retain 100% of business rates on shale oil and gas sites. This document provides a summary of the responses to the consultation and the government’s response.
In January 2014 the Prime Minister announced that local authorities will be able to keep 100% of business rates from shale gas sites (which will also include shale oil).
The consultation includes draft regulations which define the sites on which 100% retention of business rates will apply. It also sets out the arrangements for sharing that revenue between the different tiers of local government.