Decision details

Business Rates Pooling Update

Decision Maker: Executive

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Decision:

Resolved

 

(1)          That  the Council  remain in a business rates pool for participating authorities in Oxfordshire, noting the risks and benefits, be endorsed and approved ‘in principle’.

 

(2)          That delegated authority be granted to the Chief Finance Officer (S151 Officer), in consultation with the Lead Member for Financial Management, to conclude necessary due diligence each year and confirm the Council’s final intention on whether or not to participate in an Oxfordshire business rates pool (however constituted) in future years. This is subject to the Government not changing the current arrangements for pooling and if the arrangements were to change then a report would be brought back to Members for consideration.

 

Reason Key: Significant Expenditure or Savings and effect on communities in two or more wards;

Corporate Priorities : Sound Budgets and a Customer Focussed Council;

Reason No Public Access: No

Declarations: None

Subject to Urgent Proceedings: No

Contact: Karen Curtin, Commercial Director Email: karen.curtin@cherwellandsouthnorthants.gov.uk Tel: 0300 003 0106, Paul Sutton, Executive Director: Finance and Governance / Section 151 Officer Email: paul.sutton@cherwellandsouthnorthants.gov.uk Tel: 0300 003 0106.

Report author: Karen Curtin

Publication date: 08/11/2016

Date of decision: 07/11/2016

Decided at meeting: 07/11/2016 - Executive

Effective from: 12/11/2016

Accompanying Documents: