Decision details

To approve the Council’s ‘NNDR1’ submission to the Department for Communities and Local Government that includes a forecast for Non-Domestic Rates income for 2013/14.  The forecast is the basis for calculating Stockport’s forecast local share of Non-Domestic Rates income which, in turn, forms part of the Council’s budget calculations for 2013/14.

The Executive Meeting considered a report on the impact of the new Business Rates Retention Scheme which would come into effect on 1 April 2013, and has agreed that

·         approval be given to 2013/14 Business Rates forecast of £88.758m, in line with the calculation made by the Department for Communities and Local Government in disaggregating Estimated Business Rates Aggregate in the Start Up Funding Allocation set out in the Medium Term Financial Plan Update Report considered earlier in the meeting (see Minute 6 above);

·         approval be given to the NNDR1 return included at Appendix One of the report; and

·         the Leader of the Council (Policy, Reform & Finance) be authorised to make the decision as to whether or not the Council join the Greater Manchester Business Rates Pool.

None

None

Statutory responsibility to determine