The Department for Communities and Local Government (DCLG) has published an Invitation to local authorities to pilot 100% business rates retention in 2018 to 2019 and to pioneer new pooling and tier-split models.
On the webpage there is a prospectus and supplementary information, outlining how local authorities can submit applications, as well as the criteria on which applications will be assessed.
Deadline
The deadline for authorities to submit pilot proposals to DCLG is has now passed.
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Annual local government finance settlements
Each year local authorities’ core funding allocations for the forthcoming financial year are announced by Government in the provisional local government finance settlement.
Local taxation: council tax and business rates
Council tax and business rates together make up local authorities’ largest source of income. Central government has a significant degree of control over both council tax and business rates in England and sets the policy framework in which both operate.