Decision Maker: Cabinet
Decision status: Recommendations approved
Is Key decision?: Yes
Is subject to call in?: Yes
Report of the Cabinet Member for Finance and
Corporate/Chief Finance Officer
Consideration was given to a report of the Cabinet Member for Finance and Corporate / Director of Corporate Services that sought approval to submit a report to Council to agree setting the Business Rate Base 2024-25.
That Cabinet approve, for submission to Council on 13th December 2023:
· The provisional Local Government Finance Settlement 2024/25.
· The issue of the Department for Levelling Up, Housing and Communities (DLUHC) guidance on completion of the 2024/25 Business Rates baseline return (NNDR1), due in January 2024.
Reason for decision
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 31 January each year.
The figures were produced subject to the DLUHC guidance being published and provided, following which the figure in the report may have to be revisited.
Not to consider the Business Rate Base 2024-25 - this option was not recommended as it was a statutory requirement for the Council to calculate and approve a Council Tax base each financial year.
Report author: carolyn goddard
Publication date: 29/11/2023
Date of decision: 28/11/2023
Decided at meeting: 28/11/2023 - Cabinet
Effective from: 07/12/2023