Communities and Local Government written question – answered at on 15 October 2012.
To ask the Secretary of State for Communities and Local Government if his Department will take steps to ensure that any future policy on business rate retention for new nuclear power allows for the community to benefit at the construction phase as well as the operational phases of development.
Our proposals for business rates retention will enable authorities to benefit from growth in business rates revenues generated in their area. Business rates are due for payment when individual hereditaments are considered to have become fit for beneficial occupation. The question of when that applies will be a matter for the local valuation officer.
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