Decision details

RESOLVED

That Cabinet approve the recommendations in the report as follows:-

1.  Recommend to Council that, in accordance with the Local Authorities (Calculation of Council Tax Base) (England) Regulations 2012, the amount calculated by Hackney Council as its Council Tax Base for 2023/24 shall be 77,108.86 Band D equivalent properties adjusted for non-collection. This represents an estimated collection rate of 92.5%.

2.  Recommend to Council that in accordance with The Non-Domestic Rating (Rates Retention) Regulations 2013 Hackney’s non-domestic rating income for 2023/24 is £161,803,507 subject to completion of the 2023-24 NNDR1 return. This comprises three elements.

·  £59,639,165 which is payable in agreed instalments to the Greater London Authority

·  £48,972,654 which is retained by Hackney Council and included as part of its resources when calculating the 2023/24 Council Tax requirement.

·  £53,191,688 which is payable in agreed instalments to Central Government

3.  To note that no changes are proposed to the current CTRS scheme in 2023/24.

And

Cabinet to recommend to Council to agree:

4.  In accordance with the Local Authorities (Calculation of Council Tax Base) (England) Regulations 2012, the amount calculated by Hackney Council as its Council Tax Base for 2023/24 shall be  77,108.86 Band D equivalent properties adjusted for non-collection. This represents an estimated collection rate of 92.5%

5.  In accordance with The Non-Domestic Rating (Rates Retention) Regulations 2013, Hackney’s non-domestic rating income for 2023/24 is £161,803,507 subject to completion of the 2023-24 NNDR1 return. This comprises three elements.

·  £59,639,165 which is payable in agreed instalments to the Greater London Authority

·  £48,972,654 which is retained by Hackney Council and included as part of its resources when calculating the 2023/24 Council Tax requirement.

·  £53,191,688 which is payable in agreed instalments to Central Government

6.  To note that no changes are proposed to the current CTRS scheme in 2023/24.