Council services by letter

Decision details

||

Calculation of Business Rates Tax Base for 2020-2021

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Decisions:

RESOLVED:  That

 

(1)          the approach and assumptions for the calculation of the Council’s business rates yield, as set out in this report, be noted;

 

(2)          in accordance with the Non-Domestic Rating (Rates Retention) Regulations 2013, the amount calculated by the London Borough of Harrow as its business rates yield for the year 2020-2021 shall be £14.942m, as shown in the table below;

 

 

 

£m

 

Projected NDR Income 2020/21

49.806

Less

Payable to DCLG (33% Central Share)

(16.436)

Less

Payable to the Greater London Authority (37%)

(18.428)

Equals

Amount to be retained by Harrow (30%)

14.942

 

 

 

 

(3)          the Council's Chief Finance Officer (section 151 officer) be authorised to submit the notification of the calculation of the estimated Non-Domestic Rates income to the Secretary of State and the Greater London Authority (GLA) by 31 January 2020 or other date as may be prescribed;

 

(4)          the Council's Chief Finance Officer (section 151 officer) be authorised, following consultation with the Portfolio Holder, to submit revised figures (from those above) to the Secretary of State and GLA, if further clarification is received from DCLG on the financial impact of the proposed changes to the authority and how this is to be calculated.

 

Reason for Decision:  To fulfil the Council’s statutory obligation to provide estimates and calculations in relation to NDR for 2020-2021.

 

Alternative Options Considered and Rejected:  As set out in the report.

 

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

Publication date: 10/01/2020

Date of decision: 09/01/2020

Decided at meeting: 09/01/2020 - Cabinet

Effective from: 18/01/2020

Accompanying Documents: