Purpose

To set the estimates for Wolverhampton
Collection Fund 2026-2027, which the Council manages on behalf of
local precepting bodies and central government.

Content

1.     
That the Collection Fund Council Tax Base for 2026-2027 for Band D
equivalent properties be set at 67,714.06.

 

2.     
That authority be delegated to the Section 151 Officer to set the
Collection Fund Business Rates, also referred to as Non-Domestic
Rates (NDR), Net Rate Yield for 2026-2027 once all information is
available.

 

3.     
That authority be delegated to the Section 151 Officer to approve
amendments to:

a.     
The final Business Rates Net Rate Yield as required as a result of
changes to the NNDR 1 form (National Non-Domestic Rates return) by
the Ministry of Housing, Communities and Local Government or data
revisions and changes in projections.

 

b.     
The Council Tax Base as a result of any data revisions and changes
in projections.

 

4.     
That the following extensions to the
local Business Rates Discretionary Relief be approved:

a.     
In respect of charitable and voluntary organisations for one year
from 1 April 2026.

 

b.     
In respect of transitional relief and transitional relief
supplement for the period from 1 April 2026 to 31 March 2029.
 

c.     
In respect of 2023 supporting small business scheme and the
introduction of the 2026 supporting small business scheme for the
period from 1 April 2026 to 31 March 2027.

 

5.     
That the introduction of 100% relief for eligible electric vehicle
charging points and electric vehicle only forecourts be
approved.

 

6.     
That the outcome of the Provisional Local
Government Finance Settlement 2026-2027 to 2028-2029 be
noted.

 

7.     
That it be noted, the final Local
Government Finance Settlement is expected to be published early
February 2026, and therefore the outcome from the provisional
settlement remains subject to change.