Reviewing and reforming local government finance

Thursday, December 20, 2018A briefing paper covering the Fair Funding Review and business rate retention in English local government.

Metadata
Provider: 
UK Parliament researchUK Parliament research
URL: 
https://researchbriefings.parliament.uk/ResearchBriefing/Summary/CBP-7538https://researchbriefings.parliament.uk/ResearchBriefing/Summary/CBP-7538
Retrieved on: 
Friday, December 21, 2018
Information
Tags: 
Property taxes, Government, Local government in the United Kingdom, Business rates in England, Rates in the United Kingdom, Rates, Revaluation, Local government in England, Scotland, Valuation Office Agency
Summary
Key Points: 
  • House of Commons Library

    This note covers matters of current interest in local government finance: how business rate retention works; the Governments proposals for changes to the system; and the Governments Fair Funding Review.

  • Responsibility for business rates, and for local government generally, is devolved to Scotland, Wales and Northern Ireland.
  • For a more general explanation of the business rates system in England, see the Library briefing paper Business rates.
  • For more details on the 2017 revaluation of business rates in England, Wales and Scotland, see the Library briefing paper Business rates: the 2017 revaluation.
Copyright: 
2018 UK Parliament research. All Rights Reserved.