Decision details

To note information about the Council Tax Base for the period 2018-19 and to approve the Council’s NNDR1 form, which will set the timings of cashflows and predicted shares between central and local government for business rates for 2018-19.

1.       That the Collection Fund Council Tax Base for 2018-2019 be set at 62,816.47 Band D equivalents.

2.       That the Collection Fund Business Rates, also referred to as Non-Domestic (NDR), Net Rate Yield for 2017-2018 be set at £74.2 million.

3.       That the Council’s contribution of £228,000 in 2017-2018 to the West Midlands Combined Authority; which represents the real terms growth in the central share of business rates owed to the West Midlands Combined Authority be approved.

4.       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 Department for Communities and Local Government (DCLG) or data revisions and changes in projections;

b.       The Council Tax Base as a result of any data revisions and changes in projections.