Issue - meetings

Calculation of Business Rates 2022/23, Council Tax Base for 2022/23 and the projected Collection Funded Surplus / Deficit for 2021/22

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Meeting: 07/12/2021 - Cabinet (Item 4.)

Calculation of Business Rates 2022/23, Council Tax Base For 2022/23 and the Projected Collection Funded Surplus / Deficit for 2021/22

Additional documents:

Item 4 - Taxbase and Collection Fund FINAL, item 4. PDF 955 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 2022/23 of 39,695.1.

1.2. Noted the estimated Council Tax Collection fund Deficit of £345,080 and the estimated Business Rates Collection Fund Deficit of £7,210,000 for 2021/22.

1.3. Delegated authority to the Cabinet Member for Finance, Procurement and Revenues & Benefits and the Chief Financial Officer (Section 151) to:
· Complete and certify the NNDR1 for 2022/23 on behalf of the Council.
· Update the Council Taxbase for 2022/23 and Collection Fund projections for 2021/22 in the event of changes to guidance or the need for significant changes to underlying assumptions.