Purpose

To report on the estimated outturn for Council
Tax and Business Rates, also referred to as Non-Domestic Rates
(NDR), transactions on the Collection Fund in 2023-2024.

Content

1.     
That it be approved that the estimated outturn for Council Tax in
2023-2024 is a cumulative surplus of approximately £546,000
which includes the carry forward of the in-year 2020-2021 deficit,
which the Government confirmed could be spread over three years
from 2021- 2022 to 2023-2024.

 

2.     
That it be approved that the estimated outturn for Business Rates,
also referred to as Non-Domestic Rates, in 2023-2024 is a
cumulative surplus of approximately £3.3 million with an
estimated deficit in 2023-2024 totalling approximately
£354,000.  
 

3.     
That authority be delegated to the Cabinet Member for Resources, in
consultation with the interim Director of Finance, to confirm any
final changes to the forecast outturn reflecting any further
information received ahead of the statutory deadline of 31 January
2024.
 

4.     
That authority be delegated to the interim Director of Finance to
confirm and arrange the final payments to the precepting
authorities.