Decision - Business Rates Retention forecast 2016/17
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Decision details
Business Rates Retention forecast 2016/17
Decision Maker: Policy & Resources Committee (pre 2015)
Decision status: Recommendations Approved
Is Key decision?: No
Is subject to call in?: No
Purpose:
Calculate the business rates income for
2016/17 and approve the NNDR1 2016/17 form
Decision:
That the Committee:
1) Note that the amount forecast to be received by the council in 2016/17 from its share of local business rates and section 31 (Local Government Act 2003) compensation grants is £56.460m, based on the latest data. This is £0.202m below the forecast used in the December 2015 budget update report.
2) Agree the NNDR1 2016/17 form at Appendix 1.
3) Note the future changes to the business rates retention scheme outlined in paragraphs 3.17 and 3.18.
Report author: James Hengeveld
Publication date: 21/01/2016
Date of decision: 21/01/2016
Decided at meeting: 21/01/2016 - Policy & Resources Committee (pre 2015)
Accompanying Documents:
PDF 122 KB