During September 2012, CIPFA supported DCLG with its Business Rates Retention (BRR) Roadshow, which provided an early opportunity for Local Authorities to get an appreciation of how the Government’s proposals would work in practice. The roadshows featured three presentations; one from DCLG on how the BRR scheme was likely to operate and the role the NNDR1 and NNDR3 returns will play in operating the scheme and setting Council budgets; a presentation from the Valuation Office Agency (VOA), focussing on how valuers approach their work and how they can support Councils under the new arrangements; and finally one from CIPFA on the expected accounting requirements for NNDR transactions for Billing Authority and Precepting Authority accounts, covering Collection Fund, Comprehensive Income & Expenditure Statement , and Balance Sheet entries.
The slides from the DCLG and CIPFA are available exclusively for FAN subscribers below. Please note that all slides on this page represent the position as set out in the technical consultation on 24 July - this is a rapidly changing area and you will need to ensure that you always use information based on the latest official position according to DCLG.
DCLG presentation (PDF, 351 KB)
CIPFA presentation (PDF, 1407 KB)
The VOA now have a dedicated inbox for rates retention enquiries: ratesretention@voa.gsi.gov.uk. Specific requests for statistical information or feedback on current statistics and future requirements should still be sent to: statistics@voa.gsi.gov.uk. The VOA are also working on a dedicated webpage on the VOA website to assist local authorities, with links to statistical information. Details of the webpage will be posted here once it has been finalised.
Answers to the main audience questions raised at these roadshows are being discussed at the joint FAN / CBRS Local Government Finance Bill events happening between 31 October and 22 November.