The discussion group held on Monday, June 26, delved into the topic of local tax collection. Our esteemed facilitator, Kevin Stewart, skilfully guided the session. Last year’s accomplishments by the councils, despite the challenges faced, were truly commendable. Kevin rightfully emphasized that the Council should take pride in its success. However, it is crucial to…
Category: Council Tax Reduction
Risks and Successes: An Analysis of Council Tax and Non-Domestic Rates Collection
Over the past year, local authorities in the UK have exhibited impressive financial performance in terms of tax collection. In the fiscal year 2022-23, local authorities collected a staggering £36.5 billion in council tax, marking a significant £2.0 billion or 5.6% increase from the previous fiscal year. This was primarily driven by increased council tax…
Discussion Group: Inflation, mortgages, and Council Tax
This week’s discussion group delved into the complex topic of mortgages and inflation in relation to council tax. Overall, there was a consensus that although mortgages and inflation may seem tangential to the administration of council tax, they play a crucial role in shaping policies and strategies, as they significantly impact citizens and their financial…
The Role of Council Tax in Inflation and its Impact on Collection and Support
Inflation in the UK has surpassed experts’ predictions, reaching 8.7% in May, higher than the expected 8.3%. This persistent inflationary pressure raises concerns about a potential interest rate hike by the Bank of England, further exacerbating difficulties for families and businesses. Core inflation, excluding volatile food and energy prices, has risen to a 30-year high…