Retained Business Rates definition

Retained Business Rates means the means the aggregate of:Business Rates Relief granted by ratings authorities in the Solent Freeport Area to (i) End Users; and (ii) eligible end users of premises at other tax sites in the Solent Freeport Area which, are reimbursed to the applicable ratings authorities by HM Government during the term of this Agreement; andBusiness Rates paid to ratings authorities in the Solent Freeport Area by such end users (once eligibility for Business Rates Relief has expired) and by any other end users of the tax sites in the Solent Freeport Area for a period of up to 25 years from the Commencement Date (to the extent that such Business Rates exceed the baseline level of rates as established by the Rating Authority received at those tax sites prior to the Commencement Date);which, in each case, local authorities are entitled to retain to fund local investment and infrastructure projects for the purposes of furthering the Freeport Objectives;
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Retained Business Rates means the means the aggregate of:
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Retained Business Rates means the means:
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Examples of Retained Business Rates in a sentence

  • In 2013/14 the Local Government Finance regime was revised with the introduction of the Retained Business Rates Scheme.

  • An uplift in funding is projected over this period as a result of steady growth in the Council Tax base alongside steady growth within Retained Business Rates.

  • Retained Business Rates are estimated at £19.5m which includes a deficit relating to previous years of £0.9m arising from greater than anticipated losses due to appeals as well as £0.3m reduction due to the "spreading" of previous years' losses.

  • In recognition of the pan-Solent approach to delivery of the SFCL, this plan has been developed by the four Relevant Authorities that will collect Retained Business Rates within the Tax Sites, Portsmouth City Council in its role as Accountable Body, the Solent LEP and the SFCL.

  • The funding received from Retained Business Rates is now directly dependant on the amount of Business Rates collected locally.

  • The Council finances its net budget through Council Tax, General Government Grants and Retained Business Rates income.

  • Overall, a net expenditure budget of £142.559m was approved, funded by Retained Business Rates of £41.407m, Government “Top Up” Grant of £51.430m, other Government Grants of £3.334m and Council Tax receipts of £46.388m.

  • Retained Business Rates are estimated at £3.7m which includes a deficit relating to previous years of £58,000.

  • Law - Ordinance establishing the Rules and Regulations Governing Demolition and Construction Permits Abutting County owned Property and Rights of Way.

  • As a billing authority the difference between the Retained Business Rates and Council Tax included in the Comprehensive Income and Expenditure Statement and the amount required by regulation to be credited to the General Fund shall be taken to the Collection Fund Adjustment Account and reported in the Movement in Reserves Statement.


More Definitions of Retained Business Rates

Retained Business Rates means the uplift in non- domestic business rates collected after the relevant Tax Site designation date by the Billing Authorities from premises within each Tax Site after allowing for business rates equalisation payments to EMF’s Public Sector Members, the Leicestershire Fire Authority, the 5 xxxxx://xxx.xxx.xx/government/publications/maps-of-uk-freeports Nottinghamshire Fire Authority and the Derbyshire Fire Authority, that are pooled and held the Accountable Body for use and allocation by EMF.
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Related to Retained Business Rates

  • Retained Business means any business now, previously or hereafter conducted by Seller or any of its Subsidiaries or Affiliates other than the Business.

  • Retained Businesses means all businesses, operations and activities directly or indirectly conducted or formerly conducted by the Seller Group other than the Business (including all businesses, operations and activities related to any dealerships sold or disposed of prior to the date hereof).

  • Excluded Businesses has the meaning set forth in Schedule 1.

  • Excluded Business means a Business excluded from application for an Inter- Community Business Licence and includes those Businesses referred to in Schedule A attached hereto and forming part of this bylaw.

  • Transferred Business has the meaning ascribed to such term in the Separation Agreement.

  • SpinCo Business has the meaning set forth in the Separation and Distribution Agreement.

  • Licensed Business means the activities connected with the conveyance of

  • Covered Business means (A) during the term, any business in which the Company is engaged and (B) after the Term, any business in which the Company was engaged as of the end of the Term.

  • Related Business Assets means assets (other than cash or Cash Equivalents) used or useful in a Similar Business; provided that any assets received by the Issuer or a Restricted Subsidiary in exchange for assets transferred by the Issuer or a Restricted Subsidiary shall not be deemed to be Related Business Assets if they consist of securities of a Person, unless upon receipt of the securities of such Person, such Person would become a Restricted Subsidiary.

  • Parent Business has the meaning set forth in the Separation and Distribution Agreement.

  • Acquired Business means the entity or assets acquired by the Borrower or a Subsidiary in an Acquisition, whether before or after the date hereof.

  • food business means any undertaking, whether for profit or not and whether public or private, carrying out any of the activities related to any stage of production, processing and distribution of food;

  • Qualified business facility means any building, complex of

  • food business operator means the natural or legal persons responsible for ensuring that the requirements of food law are met within the food business under their control;

  • Generation Business means the licensed business (if any) of the Licenseeand any affiliate or related undertaking of the Licensee in the generation of electricity or the provision of Ancillary Services;

  • Specified Business means a business of a kind prescribed by the regulations to be a specified business; tenant, in relation to a lease, means the person who, under the lease, is or would be entitled to occupy the premises the subject of the lease; Tribunal means the State Administrative Tribunal;

  • City-based business means a person who (i) conducts meaningful day-to-day business operations at a facility located within the city and reports such facility to the Internal Revenue Service as a place of employment for the majority of its regular, full-time workforce; (ii) holds any appropriate city license; and (iii) is subject to applicable city taxes.

  • Alarm business means the business by any individual, partnership, corporation, or other entity of selling, leasing, maintaining, servicing, repairing, altering, replacing, moving or installing any alarm system or causing to be sold, leased, maintained, serviced, repaired, altered, replaced, moved or installed any alarm system in or on any building, structure or facility.

  • Disabled Business Enterprise means a business owned by a person with a disability that is a continuing, independent, for-profit business that performs a commercially useful function, and is at least fifty-one (51%) owned and controlled by one (1) or more persons with a disability, or, in the case of any publicly-owned business, at least fifty one percent (51%) of the stock of which is owned and controlled by one(1) or more persons with a disability and whose management and daily business operations are under the control of one (1) or more persons with a disability.

  • Active business operations means all business operations that are not inactive business operations.

  • Company Business means the business of the Company as presently conducted.

  • Subject Business means the policy or policies that are

  • Inactive business operations means the mere continued holding or renewal of rights to property previously operated for the purpose of generating revenues but not presently deployed for such purpose.

  • Restricted business operations means business operations in Sudan that include power production activities, mineral extraction activities, oil-related activities, or the production of military equipment, as those terms are defined in the Sudan Accountability and Divestment Act of 2007 (Pub. L. 110-174). Restricted business operations do not include business operations that the person (as that term is defined in Section 2 of the Sudan Accountability and Divestment Act of 2007) conducting the business can demonstrate—

  • Home-based business means an accessory use to an authorised residential use in which one or more residents carry on a business, and for greater certainty, includes a bed and breakfast, but does not include child care.

  • Historically Underutilized Business or “HUB” means a minority or women-owned business as defined by Texas Government Code, Chapter 2161.