Issue - meetings

Calculation of Business Rates 2021/22, Council Tax Base for 2021/22 and the projected Collection Funded Surplus/Deficit for 2020/21

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Meeting: 01/12/2020 - Cabinet (Item 4.)

Calculation of Business Rates 2021/22, Council Tax Base for 2021/22 and the projected Collection Fund Surplus/Deficit for 2020/21

Additional documents:

Item 4 - Taxbase and Collection Fund, item 4. PDF 880 KB

Decision:

The Cabinet

1.1 Approved in accordance with the relevant legislation and regulations, the Council Taxbase (Band D residential properties) for Lichfield District for the financial year 2021/22 of 38,891.4.

1.2 Noted the estimated Council Tax Collection fund Deficit of £1,322,000 and the estimated Business Rates Collection Fund Deficit of £14,627,000 for 2020/21.

1.3 Delegated authority to the Cabinet Member for Finance, Procurement, Customer Services and Revenues & Benefits and the Chief Financial Officer (Section 151) to:

· Complete and certify the NNDR1 for 2021/22 on behalf of the Council.

· Update the Council Taxbase for 2021/22 and Collection Fund projections for 2020/21 in the event of changes to guidance or the need for significant changes to underlying assumptions.