Calculation of Business Rates Retention Amounts for 2025-2026

December 17, 2024 Cabinet (Cabinet collective) Key decision Approved View on council website

This 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 comply with statutory obligations, the council approved the approach and assumptions for calculating the 2025-2026 business rates yield, agreeing on a £15.529m retention amount, authorizing the Chief Finance Officer to submit notifications and implement budget measures, and approving associated policies.

Full council record
Purpose

To approve the
Council’s Business Rates Retention amount for 2025-26
 

Related Meeting

Cabinet - Tuesday 17 December 2024 6.30 pm on December 17, 2024

Supporting Documents

Cabinet Report NDR Resource Base 2025-26 171224 Final v3.pdf
Appendix 1 2025-26 Retail Relief Scheme Final.pdf

Details

OutcomeRecommendations Approved
Decision date17 Dec 2024
Subject to call-inYes