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  • Decision details

    National Non-Domestic Rates (00-18-15)

    • Find out more about this issue

    Decision Maker: Cabinet

    Decision status: Implemented

    Is Key decision?: Yes

    Is subject to call in?: Yes

    Purpose:

    To receive an update on the income generation and financial implications of the number of Business Rate properties and to approve the NNDR1.

    Decisions:

    The Cabinet had before it a *report from the Group Manager for Revenues and Benefits providing Members with an update of the income generation and financial implications of the number of Business Rate properties in Mid Devon and to approve the NNDR1 (estimated income to be generated in 2020/21 from business rates). The report also included the introduction of the refreshed Business Rates Discretionary Relief Policy.

     

    The Cabinet Member for Finance outlined the contents of the report informing the meeting of the statutory collection process for business rates, the estimated net yield from business rates for 2020/21 and how this was redistributed.  There would be no grant from the DCLG towards collecting the business rates but that the authority would continue to retain the income from qualifying renewable energy schemes.

     

    Consideration was given to:

     

    ·         What qualified as renewable energy schemes

    ·         The business rates reserve

    ·         The Devonwide business rates pool

    ·         Discretionary relief

     

    RESOLVED :

     

    a)            That the calculation of the NNDR1 net yield of £15.600m from 3206 Business Rated properties be noted and approved for 2020/21;

     

    b)            That the proportions distributed to the respective authorities and Central Government be allocated as per the statutory regulations; and

     

    c)            That Members note that Central Government will reimburse the Council through a Section 31 grant to compensate it for the reduction in collectable business rates as a result of introducing reliefs;

     

    d)            That the revised Business Rates Discretionary Relief Policy be approved.

     

    (Proposed by Cllr A White and seconded Cllr G Barnell)

     

    Note:  *Report previously circulated, copy attached to minutes.

      

     

     

    Report author: Andrew Jarrett

    Publication date: 17/02/2020

    Date of decision: 13/02/2020

    Decided at meeting: 13/02/2020 - Cabinet

    Effective from: 22/02/2020

    Accompanying Documents:

    • 20-21 NNDR1 and Discretionary Relief Report Cabinet 130022020 pdf icon PDF 77 KB
    • 20-21 NNDR1 Report Cabinet 130022020 Appendix 1 pdf icon PDF 89 KB
    • Cabinet Report Business Rates Discretionary Relief from 13022020 Appendix 2 pdf icon PDF 84 KB
    • MID DEVON BUSINESS RATES DISCRETIONARY RATE RELIEF POLICY Appendix 2.1 pdf icon PDF 314 KB