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National Non-Domestic Rates

 

 

Meeting: 24/02/2021 - Council (Item 139)

139 Cabinet - Report of the meeting held on 7 January 2021 (1-51-03) pdf icon PDF 165 KB

To receive and consider the reports, minutes and recommendations of the recent meetings as follows:

 

(1)  Cabinet

 

-       7 January 2021

-       4 February 2021

-       18 February 2021 – to follow

 

Additional documents:

Minutes:

The Leader presented the report of the meeting of the Cabinet held on 7 January 2021

 

1.    Use of CCTV Policy and Guidance (Minute 284)

 

The Leader MOVED seconded by Councillor C R Slade:

 

THAT the recommendations of the Cabinet as set out in Minute 284 be ADOPTED.

 

Upon a vote being taken the MOTION was declared to have been CARRIED.

 

Reason for the Decision – as this was a new policy, it must be agreed by Council and added to the Policy Framework.

 

 

Meeting: 04/02/2021 - Cabinet (Item 309)

309 National Non-Domestic Rates (2-06-32) pdf icon PDF 73 KB

To consider a  report of the Deputy Chief Executive (S151)  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 2021/22 from business rates).

 

 

Minutes:

The Cabinet had before it a * report of the Deputy Chief Executive (S151)  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 2021/22 from business rates).

 

The officer outlined the contents of the report stating that again this was a statutory requirement for setting the business rate property base.  The net yield from 3350 business rated properties amounted to £15,501,737.  A large amount of the receipt went into the Central Government pool and was redistributed, the approximate figure kept by Mid Devon was £3.3m.  Again exemptions/allowances and reliefs applied and these are all verified by the Revenues Team and checked by the Accountancy Team.  He reported that there may be a delay in the billing exercise due to the timing of the Chancellor’s budget announcements.

 

RECOMMENDED to Council that:

 

1.         That the calculation of the NNDR1 net yield of £15,501,737m from 3350 Business Rated properties is noted and approved for 2021/22;

 

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

 

3.         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.

 

(Proposed by Cllr B A Moore and seconded by Cllr C R Slade)

 

Reason for decision: This is a statutory function and is a legal requirement. The Council must set its budget annually based on the tax base and the NNDR1 projected values.

 

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