Decision - Business Rates Retention forecast 2015/16

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Business Rates Retention forecast 2015/16

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Decision Maker: Policy & Resources Committee (pre 2015)

Decision status: Information Only

Is Key decision?: No

Is subject to call in?: No

Purpose:

To set out the Business Rates Retention forecast and NNDR1 return for 2015/16

Decision:

1) To note the amount forecast to be received by council in 2015/16 from its share of local business rates and section 31(Local Government Act 2003) compensation grants is £56.544m based on the latest data. This is £0.222m above the forecast used in the December 2014 budget update report.

2) Agree the NNDR1 2015/16 form at Appendix 1 as amended.

Report author: James Hengeveld

Publication date: 22/01/2015

Date of decision: 22/01/2015

Decided at meeting: 22/01/2015 - Policy & Resources Committee (pre 2015)

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