Calculation of 2024/25 Council Tax Base and Local Business Rate Income

January 24, 2024 Council (Other) Approved View on council website
Full council record
Content

RESOLVED:
 
1. 
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
2024/25 shall be 77,766.9 Band D
equivalent properties adjusted for
non-collection. This represents an
estimated collection rate of
93.5%.
 
2. 
That in accordance with The Non-Domestic Rating (Rates
Retention)
Regulations 2013 Hackney’s
non-domestic rating income for 2024/25 is
£179,559,273 subject to
verification by the Academy (our Revenues
Software supplier) software release.
This comprises three elements.
 
· 
£66,209,106 which is payable in agreed instalments to the
Greater
London Authority
· 
£54,298,802 which is retained by Hackney Council and included
as
part of its resources when
calculating the 2024/24 Council Tax
requirement.
· 
£59,051,365 which is payable in agreed instalments to Central
Government.
 
3. 
The proposal to levy a council tax premium equal to a 100% of
the
Council tax charge in 2024/25 on any
liable property which is
unoccupied and substantially
unfurnished for a continuous period of
at least one year.
 
4. 
The proposal that we signal our intent prior to 1st April 2024 that
we
will levy second homes premium from
1st April 2025.
 
5. 
To note that changes are proposed to the current CTRS scheme in
2024/25 and that this is covered by
another report on this agenda.
 
 

Supporting Documents

10. Council Tax Base Report.pdf
10. Appendix 1 2024-25 COUNCIL TAXBASE CALCULATION SCHEDULE - APPENDIX 1 - Sheet1 1.pdf

Details

OutcomeRecommendations Approved
Decision date24 Jan 2024