The Council has published a list of overpayments made by businesses in the City.
The largest overpayment (£22,608.00) currently is credited to property developer Lasalle’s who went into receivership earlier in the year. The company was hoping to develop the Piccadilly area.
A full list can be accessed by clicking here.
List of qualifying business types. click to enlarge
The Government announced in its Autumn Statement on 5th December 2013 that it will provide relief of up to ￡1,000 to all occupied retail properties with a rateable value of ￡50,000 or less in each of the years 2014-15 and 2015-16.
Potentially as many as 1700 York businesses could benefit
The purpose of this new relief is to support the ‘high street’ which has been affected by changes in consumer spending preferences such as online shopping. The relief is temporary for two years from April 2014.
A wide range of businesses could qualify for the reduction (see list right)
Areas like Front Street in Acomb are likely to benefit from the scheme.
It will be necessary for any business wishing to claim this relief to make an application to the council and complete a state aid declaration form.
The Council has published a list of the outstanding amounts owed to it in each of the last 3 years.
The size of the debt shows an upward trend which could lead to cash flow problems if not reversed.
Although many of the debts will eventually be recovered, some will not.
There have been significant increases in the amounts owed on business rates, former tenant arrears and sundry debts.
In total the amounts owed have increased from £12 million to £16 million over a 3 year period.
The Council has published its latest list of Business Rate creditors.
Amongst those that have overpaid their Business Rate liability, is the City of York Council!
It is owed £15,000 for premises at Kings Court that it has vacated.
The full list can be downloaded by clicking here .