Issue - meetings
Council Tax Base 2021/22 & Collection Fund Adjustment
Meeting: 20/01/2021 - Policy and Resources Committee (Item 122)
122 Council Tax Base 2021/22 & Collection Fund Adjustment 
PDF 184 KB
Additional documents:
- Appendix 1 - Calculation of Council Tax Base (CTB1 Return), item 122
PDF 126 KB
- Appendix 2 - Calculation of Individual Parish Tax Bases 2021-22, item 122
PDF 98 KB
- Appendix 3 - Council Tax Projection to 31 March 2021, item 122
PDF 35 KB
Minutes:
The Head of Finance introduced the report and stated that the Council Tax Base calculated for the next financial year was £63,550.1, which displayed a growth of 0.36% from last year. The calculations used were outlined within Appendix 1 to the report.
The financial uncertainties faced by the Council were reiterated, in regards to the Business Rates forecast and the increase in the bad debt allowance to 2.5% of the tax base. This reflected the increased likelihood of irrecoverable debts arising from financial hardship as a result of the Covid-19 pandemic. Parish Councils had been informed of their draft Council Tax Bases before Christmas 2020.
There was a £3 million deficit for the current financial year between the Council and major preceptors; Kent County Council, Kent Police and Kent Fire and Rescue. The cumulative balance was £2.58 million which would be spread across the next three years, due to government intervention where a deficit had occurred. The Council’s share of the cumulative balance of £115,045 would be offset by the Council’s cash balances in the interim period until the deficit was recovered.
The Head of Finance noted that the details of the government scheme whereby the Council could be compensated for up to 75% of the irrecoverable losses through Council Tax and Business Rates, were yet to be announced. Consequently, the financial implications of the scheme had not been included within the item presented.
RESOLVED: That
1. In accordance with the Local Authority (Calculation of Council Tax Base) (England) Regulation 2012, the amount calculated by the Authority as the Council Tax Base for the year 2021-22 shall be 63,550.1;
2. In accordance with the Local Authority (Calculation of Council Tax Base) (England) Regulations 2012, the amount calculated by the Authority as the Council Tax Base for each parish area for the year 2021-2022 shall be as identified in Appendix 2 to the report; and
3. The 2020-21 Council Tax projection and proposed distribution detailed in Appendix 3 to the report, be agreed.