Issue - decisions
London Business Rates Pilot Pool 2018-19
12/09/2017 - London Business Rates Pilot Pool 2018-19
RESOLVED that:
11.1 The report and the draft prospectus from London Councils enclosed in Appendix A of the report, be noted;
11.2 The two founding principles of the London Pool where no authority can be worse off than they would otherwise be under the current scheme and that all London boroughs will share some of the financial gain arising from the pilot pool, be noted; and
11.3 The Chief Finance Officer, in consultation with the Leader of the Council, be delegated authority to indicate an ‘in principle’ decision to participate in a pilot business rates pool in 2018/19 and to enter into negotiations in respect of the legal, governance and administrative framework, the sharing of any financial benefits other details in respect of the operation of the pool.