Calculation of 2024/25 Council Tax Base and Local Business Rate Income 2025/26
January 29, 2025 Council (Other) Approved View on council websiteThis summary is generated by AI from the council’s published record and supporting documents. Check the full council record and source link before relying on it.
Summary
...to set the Council Tax Base for 2025/26 at 78,754.1 Band D equivalent properties and forecast non-domestic rating income for 2025/26 at £208,868,663, with no changes to the current Council Tax Reduction Scheme.
Full council record
Content
RESOLVED to agree:
1. In accordance with the Local
Authorities (Calculation of Council Tax Base) (England) Regulations
2012, the amount calculated by Hackney Council as its Council Tax
Base for 2025/26 shall be 78,754.1 Band D equivalent properties
adjusted for non-collection. This represents an estimated
collection rate of 94%.
2. In accordance with The
Non-Domestic Rating (Rates Retention) Regulations 2013,
Hackney’s non-domestic rating income for 2025/26 is forecast
to be £208,868,663. This comprises three elements.
·
£77,052,987 which is payable in agreed
instalments to the Greater London Authority.
·
£63,092,743 which is retained by Hackney
Council and included as part of its resources when calculating the
2025/26 Council Tax requirement.
·
£68,722,933 which is payable in agreed
instalments to Central Government.
3. To note that no changes are
proposed to the current CTRS scheme in
2025/26.
Related Meeting
Council - Setting of Council Tax and Local Business Rates 2025/26, Council - Wednesday 29 January 2025 7.00 pm on January 29, 2025
Supporting Documents
Details
| Outcome | Recommendations Approved |
| Decision date | 29 Jan 2025 |