Decision details

2020/21 Setting of the Business Rate Base

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: No

Purpose:

Setting of the Business Rate Base

Decisions:

Cabinet considered the report of the Chief Finance Officer which sought approval from Council on 18th December 2019 for the setting of the Business Rates baseline for 2020/21 in accordance with the Local Government Finance Act 1988 and the Non-Domestic Rating Regulations 2013 and the precept payment dates for 2020/21.

 

Cabinet members were informed that the Corporate Overview and Scrutiny Committee would consider the report in January 2020. The Chair of the Corporate Overview and Scrutiny Committee had been consulted and had indicated he was satisfied with the recommendations being put forward.

 

Alternatives considered:

 

No alternative is available, as the Council has a statutory requirement to estimate and set a Business Rates Baseline each financial year.

 

Resolved:

 

That Council on 18th December 2019 be recommended to approve:

 

1.    That the draft Business Rate baseline figure be £63.991m for 2020/21, subject to any changes which may result from:

 

·         The provisional Local Government Finance Settlement 2020/21;

·         The issue of the Ministry of Housing, Communities & Local Government (MHCLG) guidance on completion of the 2020/21 Business Rates baseline return (NNDR1), due in January 2020.

 

2.    That the Chief Finance Officer, in consultation with the Cabinet Member for Finance, to be authorised to conclude and agree the final Business Rates baseline return (NNDR1) due on 31 January 2020, should the final information yet to be received from MHCLG change the baseline figure for 2020/21.

 

3.    That the proposed precepts payment schedule be as follows:

 

20th April 2020

20th October 2020

20th May 2020

20th November 2020

22nd June 2020

21st December 2020

20th July 2020

20th January 2021

20th August 2020

22nd February 2021

21st September 2020

22nd March 2021

 

Reasons for the recommendation:

 

The Non-Domestic Rating (Rates Retention) Regulations 2013 (SI 2013/452) require billing authorities to notify the Secretary of State and their major precepting authority of their calculation of non-domestic rating income for the following financial year and the estimated surplus/deficit on the Collection Fund by 31st January each year.

 

The figures are produced subject to the MHCLG guidance being published and provided, following which the figure in this report may have to be revisited.

 

Eligible for call in – no

Report author: Keith Mackenzie

Publication date: 26/02/2020

Date of decision: 02/12/2019

Decided at meeting: 02/12/2019 - Cabinet

Accompanying Documents: