New legalisation passed by Stormont will allow local authorities to set independent tax rates, giving councils the flexibility to tailor rates to local needs.
Covid-19 has left councils more than £1bn short of their expected council tax revenues. But what explains the wide variation among collection levels between different authorities? Kate Ogden, local...
The government does not know enough about the overall impact of environmental taxes on its carbon neutrality goals, according to the National Audit Office.
Treasury officials are looking into the implementation of an online sales tax and an ‘excessive profit’ levy, in response to the increase in online shopping resulting from Covid-19, according to...
Chancellor Rishi Sunak needs to think very carefully about the potentially damaging consequences of scrapping council tax and replacing it with a new national property tax, says Jessica Studdert...
Local government spending power will be around two percentage points lower than the 4.6% trailed by the government in the final funding settlement announced yesterday, according to a local government...
Councils expect to collect £1.3bn less council tax in 2020-21 than they forecast before Covid-19 hit, after the crisis damaged some households’ ability to pay bills, according to the Institute for...
Chancellor Rishi Sunak will stand by the 2019 Conservative manifesto pledge and not raise income tax, VAT or national insurance in the upcoming budget, according to reports.
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...
This week, PF revealed that the Valuation Office Agency has halted talks over business rates rebates for offices – but the government could still face a bill of £500m to compensate councils for lost...
The Valuation Office Agency has paused talks over hundreds of millions pounds worth of potential Covid-19-related business rates rebates for offices, PF has learnt.
North Yorkshire County Council is proposing a 3.5% council tax rise – below the allowed maximum – for next year, despite a forecast medium term funding gap of £18m.
Aligning tax rates between employees and the self-employed would reduce inequity while encouraging entrepreneurial risk-taking, says Stuart Adam, senior research economist at the Institute for Fiscal...
Spelthorne Borough Council’s controversial commercial investment strategy has allowed it to propose council tax freezes next year despite Covid-19 disruption, according to its finance chief.
Chancellor Rishi Sunak is considering reversing historic corporation tax cuts in the March Budget and longer-term reforms to stamp duty and council tax, according to reports.
Councillors at Lincolnshire County Council have rejected the option of using the 3% increase to the adult social care precept next year which was announced during the local government settlement.
The Welsh Government has proposed a one percentage point increase in its residential land transaction tax, the successor to stamp duty land tax, to help “support housing priorities”.
Core funding for councils in England is set to be 3% lower in real terms per head next year than in 2015-2016, according to the Institute for Fiscal Studies.
The government is to reduce the New Homes Bonus to free up funding for local authority grants, it announced as part of the provisional local government finance settlement.
