Decision Maker: Leader of the Council and Corporate Finance & Governance Portfolio Holder
Decision status: Recommendations Approved
Is Key decision?: Yes
Is subject to call in?: Yes
To agree the Business Rates Base for inclusion in the 2024/25 budget and notification to the Major Preceptors.
To seek the Finance and Governance Portfolio Holder’s approval of the National Non-Domestic Rates Return (NNDR1) for 2024/25 for submission to the Government.
That the Council’s National Non-Domestic Rates Return (NNDR1) for 2024/25 be approved and submitted to Government.
The localisation of Business Rates provides for an amount of business rates which will be retained locally and shared between this Council, Essex County Council and Essex Fire & Rescue Authority. Each year the Government requires the Council to complete the National Non- Domestic Rates Return 1 (NNDR1) and this will be used to determine the estimates for Business Rate Retention in 2024/25. As a result, the NNDR1 now needed to be approved before submission to Government.
None as it is a mandatory requirement of this Council.
Publication date: 01/02/2024
Date of decision: 31/01/2024
Effective from: 09/02/2024