Decision details

Non-Domestic Rates Tax Base 2023/24

Decision Maker: Cabinet Member - Finance and Low Carbon (Deputy Leader - Councillor Abdul Jabbar)

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: No

Purpose:

Report setting out information to determine the Non-Domestic (Business Rates) Tax Base for 2023/24, using the most up to date information and estimates available.

Decision:

That the Deputy Leader and Cabinet Member for Finance

Reasons for the decision:

1) That approval is given to the final Business Rate yield and subsequently Oldham Council’s estimated 2023/24 Business Rates Tax Base at £48.848m, with a further £3.626m attributable to gains from the 100% Business Rates Retention scheme, a total of £52.474m.
The NNDR1 return generates the figures upon which the NDR Tax Base is prepared. It is not therefore appropriate to consider an alternative approach.

Alternative options considered:

The NNDR1 return generates the figures upon which the NDR Tax Base is prepared. It is not therefore appropriate to consider an alternative approach.

Reason Key: Expenditure > £250,000 (Significant expenditure or savings);

Corporate Priorities : An Inclusive Economy where people and enterprise thrive;

Wards Affected: (All Wards);

Making Representations: Contact Anne Ryans, Director of Finance: anne.ryans@oldham.gov.uk 0161 770 4902

Other reasons / organisations consulted

Internal consultation with Cabinet Members, Senior Management Team, Finance

Consultees

As above

Contact: John Hoskins, Finance Manager Email: anne.ryans@oldham.gov.uk 0161 770 4902 Email: john.hoskins@oldham.gov.uk.

Publication date: 08/02/2023

Date of decision: 31/01/2023

Accompanying Documents: