Decision details

2.1      Cabinet recommended to Council to approve the tax base for 2019/20 at 68,418.55 Band D equivalent properties and associated parish tax bases within this report.

            ‘Band D’ is used as a denominator value and changes to discounts, exemptions and collection rates will impact on the calculated ‘tax base’, in addition to any gains or losses in the number of physical properties.

2.2       Cabinet delegated to the Section 151 Officer in consultation with the Cabinet Member for Finance to make any technical adjustments necessary arising out of the Local Government draft settlement which impacts on the tax base, and to confirm, and inform the relevant authorities, the estimated surplus/deficit on the Collection Fund and how much would be attributable to each council, including NBC, after the statutory date of the 15th January 2019.

2.3       Cabinet agreed the above figures include the movement of properties between Upton and Hunsbury Meadow as part of the boundary change.

2.4       Cabinet recommended the detailed breakdown of how the tax base and the associated parish tax bases are calculated is shown as a band D equivalent in appendix 1.

2.5      Cabinet recommended that the long-term empty property premium of 100% is implemented for properties vacant for over two years to Council, to take effect from the 1^st April 2019.