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Executive (I)
Tuesday, 4th February, 2014

REPORT TO:10
DECISION NUMBER:PH/15/2014
EARLIEST DATE FOR DECISION:4th February 2014

NATIONAL NON-DOMESTIC RATE RETURN 1 FOR 2014/2015
Matter for Consideration:
The Council as a Billing Authority is required under the Local Government Finance Act 1988 to complete a National Non-Domestic Rate Return 1 (NNDR 1) each year. This provides an authority’s calculation of its non-domestic rate income for the following financial year and the sums due to Central Government and major precepting authorities. This information for 2014/15 must be notified to the Secretary of State and to major preceptors by 31st January 2014. The return is attached at Appendix A.
Information:
The Council as a Billing Authority is required under the Local Government Finance Act 1988 to complete a National Non-Domestic Rate Return 1 (NNDR 1) each year. The National Non-Domestic Rate Return1 provides a framework for the calculation of non-domestic rating income as required by the legislation and for the provision of information to Central Government for statistical purposes.

From 1st April 2013, under the new Business Rates Retention Scheme, authorities will retain a percentage of the rates income that they collect. Further percentages will be paid to Central Government and to major precepting authorities.

National Non-Domestic Rate Return 1 is an estimate of the business rates yield for 2014/15. Consideration has to be given for potential changes which could occur during the year to rateable values, rate reliefs awarded and losses on collection. A further return will be completed at the end of the financial year showing the actual yield and Revenues and Accountancy will monitor this frequently throughout the year to ensure collection is on track.

An authority’s calculation of its non-domestic rate income for 2014/15 and the sums due to Central Government and major precepting authorities have to be notified to the Secretary of State and to major preceptors by 31st January 2014.

Does the information submitted include any exempt information?NO
Legal Considerations:
The decision must be in line with the Local Government Finance Act 1988
Personnel Considerations:
None
Financial Considerations:
The National Non-Domestic Rate Return 1 provides a framework for the calculation of non-domestic rating income as required by legislation.
Performance Management Considerations:
The National Non-Domestic Rates collection rate will be continuously monitored.
Risk Management Considerations:
From 2013/2014 local authorities will be responsible, up to a 7.5% safety net, for meeting any shortfall in collection against their Business Rates Baseline Funding Level.
Relevant Officer:
Mr S Thompson, Assistant Chief Executive- Treasurer Services
Relevant Cabinet Member:
Councillor S. Blackburn
Consultation Undertaken:
None
Background Papers:
  • NNDR Return
Is this a key decision?NO
Is the decision required in less than 5 days?NO
Recommendations:
To formally approve the National Non-Domestic Rate Return 1 for 2014/15 as attached at Appendix A.
Reasons for Recommendations:
The Council is required under the Local Government Finance Act 1988 to complete the National Non-Domestic Rate Return 1 (NNDR1) each year. The deadline for submission of the NNDR1 2014/15 is 31st January 2014.
Is the recommendation contrary to a plan or strategy adopted or approved by the Council?NO
Is the recommendation in accordance with the Council’s approved Budget?NO
Other alternative options to be considered:
The Council is required under the Local Government Finance Act 1988 to complete the National Non-Domestic Rate Return 1 (NNDR1) each year. The deadline for submission of the NNDR1 2014/15 is 31st January 2014.
Policy, Overview, and Scrutiny Committee Chairman (where appropriate)
Date Informed: N/A
Date Approved: N/A
DECLARATION(S) OF INTEREST (if applicable)
None
Decision:
The Leader of the Council agreed the recommendation as outlined above namely: To formally approve the National Non-Domestic Rate Return 1 for 2014/15 as attached at Appendix A.
Date:4th February 2014
Reason for Decision:
The Council is required under the Local Government Finance Act 1988 to complete the National Non-Domestic Rate Return 1 (NNDR1) each year. The deadline for submission of the NNDR1 2014/15 is 31st January 2014.

Date of Publication:		4th February 2014


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