Decision details

Calculation of Business Rates Income for 2016-2017

Decision Maker: Cabinet

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

To approve the Council’s Business Rates Retention amount for 2016-17.

Decisions:

Following an amendment to Recommendation 3 of the report requiring a report back on the revised figures, it was

 

RESOLVED:  That

 

(1)          the non domestic rates estimates and calculations be calculated in accordance with the regulations, as follows:

 

 

 

£m

 

Projected NDR Income 2016/17

43.965

Less

Payable to DCLG (50% Central Share)

(21.982)

Less

Payable to the Greater London Authority (20%)

(8.794)

Equals

Amount to be retained by Harrow (30%)

13.189

 

 

 

 

(2)          the above information be provided to the Secretary of State and the Greater London Authority (GLA) by 31 January 2016;

 

(3)          the Council's Chief Finance Officer (Section 151 officer), following  consultation with the Portfolio Holder for Finance and Major Contracts, be authorised to submit revised figures from those above to the Secretary of State and GLA by 31 January 2016, if further clarification was received from the Department of Communities and Local Government (DCLG) on the financial impact of the proposed changes to the authority and how this was to be calculated, and the revised figures submitted be reported back to Cabinet.

 

Reason for Decision:  To fulfil the Council’s statutory obligation to provide estimates and calculations in relation to NDR for 2016-2017.

 

Alternative Options Considered and Rejected:  None.

 

Conflict of Interest relating to the matter declared by Cabinet Member/Dispensation Granted:  None.

Report author: Tom Whiting

Publication date: 11/12/2015

Date of decision: 10/12/2015

Decided at meeting: 10/12/2015 - Cabinet

Effective from: 19/12/2015

Accompanying Documents: