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Consultation Outcome Published 23 Jan 2015 Ministry of Housing, Communities and Local Government ↗ View on GOV.UK

Business rates retention and shale oil and gas: technical consultation

Proposed arrangements for the 100% local retention of business rates on shale gas and oil sites.

Opened 24 Oct 2014
Closed 5 Dec 2014
Attachments
▤ Verbatim text from source document

In January 2014 the Prime Minister announced that local authorities will be able to keep 100% of business rates from shale gas sites (which will also include shale oil).

The consultation includes draft regulations which define the sites on which 100% retention of business rates will apply. It also sets out the arrangements for sharing that revenue between the different tiers of local government.