Local authorities in England will need to raise council tax by 10% next year, just to enable adult social care services to stand still, according to a charity.
The government must take seriously ideas for tax devolution, including local income and tourist levies, to give councils in England more certainty over funding, according to MPs.
The recently announced social care reforms are welcome, but councils are still in the dark over how long-term care will be funded, says Jonathan Carr-West, chief executive of the Local Government...
Former health secretary Jeremy Hunt has warned that the social care sector will not get as much money as it needs under the new health and social care levy.
Scottish National Party members have supported a motion calling for local authorities to be allowed a more permissive environment to raise revenues to help fund services.
The new levy to help fund social care reforms will only provide one sixth of the expected £36bn income for care, “short-changing” the sector, according to experts.
The Scottish government has unveiled proposals for council tax and business rate reforms, including a realignment of rate bands, in a consultation on a new framework for tax policy.
Government borrowing in the financial year to date is around 25% lower than previously forecast, as the Covid-19 recovery continues, according to the Office for National Statistics.
The government will compensate English and Welsh councils as it proposes moving responsibility for collecting more than £300m of business rates tax to the Treasury.
Chancellor Rishi Sunak has pledged there will be “absolutely no return to austerity” in the upcoming Spending Review, as the UK recovers from Covid-19.
The government’s reported proposal to increase national insurance rates to pay for the long-awaited social care reform has been labelled “regressive” and a “rubbish idea” by experts.
Local authority net zero objectives are being hampered by a lack of funding, relevant skills and supportive government framework, delegates to the opening session of Public Finance Live 2021 heard...
The changes to global taxation agreed by G7 finance ministers could see the UK’s receipts from digital firms reduce by more than £230m, according to tax experts.
Ahead of next week's G7 summit, Alex Dunnagan, researcher at Taxwatch, outlines the potential prize from an agreement on a minimum corporation tax rate.
Tom Kiernan, associate at law firm Dentons, says a landmark Supreme Court appeal on alleged business rates avoidance is good news for local authorities.
The Scottish National Party has proposed scrapping business rates, council tax and property transaction duties in favour of a land value tax, to give local government greater control over its...
Chancellor Rishi Sunak has distanced himself from a post Covid-19 tax raid on higher earners, as he insisted the UK tax system is already “very progressive”.
Chancellor Rishi Sunak should not increase taxes in this week’s Budget, as they could undermine the Covid-19 recovery, the Treasury Select Committee has warned.
The UK government might have to raise up to £60bn in taxes to offset Covid-19 expenses, though tax changes should be avoided in next month’s Budget, an economist has warned.
The loss of teaching resulting from Covid-19 school closures could see a £100bn long-term hit to taxation on reduced lifetime earnings for affected children, according to the Institute for Fiscal...
