Decision - Business Rates Retention Forecast 2018/19
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Decision details
Business Rates Retention Forecast 2018/19
Decision Maker: Policy, Resources & Growth Committee
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: No
Purpose:
Agree the NNDR1 form for 2018/19 and retained
business rates income to be included in the 2018/19
budget
Decision:
That Policy, Resources & Growth Committee:
1) Notes that the amount forecast to be received by the council in 2018/19 from its share of local business rates and section 31 Local Government Act 2003 compensation grants is £61.361m, based on the latest data.This is £0.238m above the forecast used in the November draft budget proposals report.
2) Delegates the agreement of the final business rates forecast and the NNDR1 2018/19 form to the Executive Director of Finance & Resources following consultation with the Chair of this Committee for the reasons given in paragraph 1.2.
Report author: James Hengeveld
Publication date: 26/01/2018
Date of decision: 25/01/2018
Decided at meeting: 25/01/2018 - Policy, Resources & Growth Committee
Accompanying Documents:
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