Issue - meetings

Report of the Corporate Director (Resources, Environment and Cultural Services) on approval of the Council’s taxbase for the year 2020/21 and collection rate.

(1)     The Council's taxbase for the year 2020/2021 was approved, incorporating a collection rate of 99.40%. 

(2)     In accordance with the Local Authorities (Calculation of Council Tax Base) Regulations 2012, the amount calculated by the Borough Council as its taxbase for the year 2020/2021 shall be 42,590.0 and its constituent elements shall be:

Report of the Corporate Director (Resources, Environment and Cultural Services) on approval of the Council’s taxbase for the year 2020/21 and collection rate.

(1)       The Decision Taken

RESOLVED:

(1)     That the Council's taxbase for the year 2020/2021 be approved, incorporating a collection rate of 99.40%. 

(2)     That in accordance with the Local Authorities (Calculation of Council Tax Base) Regulations 2012, the amount calculated by the Borough Council as its taxbase for the year 2020/2021 shall be 42,590.0 and its constituent elements shall be:

(2)       Reasons for the Decision

All tax collecting local authorities had to estimate a Council Tax Base for the forthcoming financial year with the methods of estimation largely prescribed by regulation.

The estimated Tax Base was the number of taxable homes in the Borough expressed in Band D equivalent terms and generally the higher the tax base for any given level of Council General Fund expenditure, the lower the required Council Tax rate.

If the actual collection rate or the growth in the number of homes turned out to be different from the estimates, this would be adjusted through the Collection Fund in the following year with any financial impact borne in proportion by all precepting authorities.