Download the full outcome
Detail of outcome
Early confirmation of the government’s policy decisions following the technical consultation on business rates retention can be viewed in the Business Rates Retention Policy Statement published on 21 November 2012, ahead of the provisional local government finance settlement which constitutes the government’s formal response to consultation, published on 19 December 2012.
This technical consultation builds on the proposals in the government response to the business rates consultation published in December 2011, and on the statements of intent published on 17 May 2012.
It seeks views on a range of detailed technical issues concerning practical implementation of those proposals, particularly focusing on how the government proposes to calculate local authority start-up funding allocations, baseline funding levels as well as other parameters that are required for the set-up and operation of the business rates retention scheme. As such, it will be of particular interest to local authority finance departments responsible for implementing and running the new scheme.
The Department for Communities and Local Government has published a number of documents to supplement the technical consultation on business rates retention. These documents set out the proposed approach for the London share of business rates and an alternative option for funding the New Homes Bonus. In addition, DCLG has published supplementary information on proportionate shares as well as population data. These documents are available to download on this page. Responses to additional consultation questions should be sent as part of the responses to the technical consultation.