Issue - meetings

To consider the report of the Director Finance.

Agreed:

RESOLVED that:-

(1)  in accordance with the Local Authorities (Calculation of Tax Base) (England) Regulations 2012, the amount calculated by Exeter City Council as its tax base for the year 2024/25 shall be 39,045;

(2) the Collection Fund Surplus of £1,572,067 and the 97.5% increase in the Collection Rate be approved; and

(3) the responsibility to approve the Council’s NNDR1 return by 31 January 2024 be delegated to the Section 151 Officer.

Reason for Decision: As set out in the report.

The Executive received the report which set out the 2024/25 Council Tax base in accordance with the Local Authorities (Calculation of Tax Base) (England) Regulations 2012. The report also sought approval to delegate the estimate of Business Rate Income (NNDR1) for the next financial year to the Director Finance to ensure the Council met its statutory deadline for notifying Precepting Authorities and the Government by 31 January 2024.

Particular reference was to the gross tax base being over 40,000 for the first time in Exeter’s history with a recommendation to increase the collection rate to 97.5%, which would generate a tax base of 39,045 for 2024-25.

RESOLVED that:-

(1)  in accordance with the Local Authorities (Calculation of Tax Base) (England) Regulations 2012, the amount calculated by Exeter City Council as its tax base for the year 2024/25 shall be 39,045;

(2) the Collection Fund Surplus of £1,572,067 and the 97.5% increase in the Collection Rate be approved; and

(3) the responsibility to approve the Council’s NNDR1 return by 31 January 2024 be delegated to the Section 151 Officer.