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Council Tax Base and Business Rates (NDR) Net Rate Yield 2019-2020
Meeting: 23/01/2019 - Cabinet (Item 10)
10 Council Tax Base and Business Rates (NDR) Net Rate Yield 2019-2020 PDF 85 KB
Decision:
1. That the Collection Fund Council Tax Base for 2019-2020 be set at 63,996.44 Band D equivalents.
2. That the Collection Fund Business Rates, also referred to as Non-Domestic (NDR), Net Rate Yield for 2019-2020 be set at £74.4 million.
3. That authority be delegated to the Cabinet Member for Resources, in consultation with the Director of Finance, to approve amendments to:
a. The final Business Rates net rate yield as required as a result of changes to the NNDR1 form (National Non-Domestic Rates return) by the Ministry of Housing, Communities and Local Government or data revisions and changes in projections;
b. The Council Tax Base as a result of any data revisions and changes in projections.
Minutes:
Councillor Louise Miles presented the Council Tax Base and Business Rates (NDR) Net Rate Yield 2019-2020 for approval. The report set the estimates for the Wolverhampton Collection Fund for 2019-2020, which the
Council managed on behalf of local precepting bodies and Central Government.
Resolved:
1. That the Collection Fund Council Tax Base for 2019-2020 be set at 63,996.44 Band D equivalents.
2. That the Collection Fund Business Rates, also referred to as Non-Domestic (NDR), Net Rate Yield for 2019-2020 be set at £74.4 million.
3. That authority be delegated to the Cabinet Member for Resources, in consultation with the Director of Finance, to approve amendments to:
a. The final Business Rates net rate yield as required as a result of changes to the NNDR1 form (National Non-Domestic Rates return) by the Ministry of Housing, Communities and Local Government or data revisions and changes in projections;
b. The Council Tax Base as a result of any data revisions and changes in projections.