Rating (Coronavirus) and Directors Disqualification (Dissolved Companies) Bill

Supplementary evidence submitted by the Institute of Revenues, Rating and Valuation (IRRV) (RDDB06)

In follow up to the evidence provided to the Rating (Coronavirus) and Directors Disqualification (Dissolved Companies) Bill Committee on the 6th July 2021, it was identified during the evidence that one of the most significant issues affecting the timing of this matter is the artificial time limit created by Section 47(7) of the Local Government Finance Act 1988 which, in effect, limits a decision in relation to discretionary relief to just 6 months after the financial year to which it relates. Both Mr Magor and Mr Blaylock indicated that due to the time taken to pass this legislation, for government to develop and issue guidance, followed by local government creating its own local scheme, it would be highly unlikely that the legislation and the relief scheme would be operational before the end of September 2021. This would mean that local government would be prohibited from providing the relief in relation to the 2020/21 financial year as intended, with the implications discussed during the evidence.

The IRRV would like to submit an addendum to its original evidence to suggest that this issue could be overcome quite simply by amending this Bill to include the omitting of Section 47(7) from the Local Government Finance Act 1988. In addition to alleviating the issue mentioned above, it would provide increased flexibility to local government more generally when considering applications for discretionary rates relief.

6 July 2021


Prepared 9th July 2021