Thursday, October 6, 2022
Reduced rates agreed for Carmarthenshire businesses

Reduced rates agreed for Carmarthenshire businesses

AROUND 600 businesses are set to benefit from a £170,000 rate relief package following a decision by Carmarthenshire County Council’s executive board.

The council will be supporting a Welsh Government non-domestic rates relief scheme which could see eligible businesses save up to £750 a year.

Welsh Government recently confirmed that its High Street Rate Relief scheme will be extended to 2018/19, albeit with reduced overall funding and therefore lower levels of relief for individual ratepayers.

The scheme is aimed specifically at high street retailers, such as shops, pubs, restaurants and cafes that have seen their rates increase as a result of the 2017 revaluation undertaken by the Valuation Office Agency.

Local authorities, like Carmarthenshire County Council, collect business rates on behalf of the Welsh Government.

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The recommendation put to executive board by Cllr David Jenkins, executive board member for resources, was unanimously supported.

He said: “Those who qualify for the rate relief will be contacted over the coming weeks with new bills issued.”

Watch the executive board discussion and read the report

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