Issue - meetings

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

    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:

    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.


     

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