The Group considered the report of the Head of Finance and Customer Services regarding the expected yield from business rates in 2013/14.

The Head of Finance and Customer Services informed the Group that the Department for Communities and Local Government (“DCLG”), following publication of the Agenda for this meeting, sent through amendments to the calculations which resulted in amendments to Appendix A.  A revised Appendix A was circulated at the meeting.

The Head of Finance and Customer Services responded to Members’ queries regarding, inter alia, the provision for appeals, risk management and the legal obligations of the Council.

RESOLVED:

1.  That the calculations made for cells 21, 33 and 35 of the return to reflect the expected position for 31 March 2014 and the resulting yield, as set out on the Amended Appendix A to the report of the Head of Finance and Customer Services, be noted.

2.  That the NNDR1 return, as set out in the Amended Appendix A to the report of the Head of Finance and Customer Services, be approved for submission to the Department for Communities and Local Government.