Com­pany fails to win rate re­lief

The Peterborough Evening Telegraph - - Uk&world Update -

A STRUG­GLING com­pany has had its bid to save £124,774 in busi­ness rate re­lief turned down by Peter­bor­ough City Coun­cil.

The un­named firm ap­plied for 100 per cent re­lief from busi­ness rates on the grounds of hard­ship for the pe­riod be­tween Septem­ber 2009 and March 2011.

The coun­cil would have had to pay £31,193.50, with the Govern­ment cov­er­ing the rest.

How­ever, the coun­cil said the amount it would lose would rep­re­sent some 25 per cent of the coun­cil’s dis­cre­tionary rate re­lief bud­get and as such it would have an over­spend in this year’s bud­get.

A de­ci­sion no­tice pub­lished by the coun­cil yes­ter­day also stated that the ratepayer had pro­vided “min­imim in­for­ma­tion” to the coun­cil to sup­port their ap­pli­ca­tion and had been un­able to pro­vide any de­tailed busi­ness plans to show how or when it is ex­pected that the busi­ness will be­come prof­itable.

The no­tice said: “It is not felt to be in the best in­ter­ests of the coun­cil tax pay­ers within Peter­bor­ough to fund a re­mis­sion of non-do­mes­tic rates for this com­pany.”

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