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1. commonslibrary.parliament.uk › research-briefingsLocal government finances - House of Commons Library

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   May 28, 2024 · Published Tuesday, 28 May, 2024. Research Briefing. Government. Local government. Public spending. Philip Brien. Local authorities in England spent £113.5 billion in 2022/23. This briefing looks at the funding that local authorities receive from central government, and where and how they spend it.

2. commonslibrary.parliament.uk › local-authorityLocal authority data: finances - The House of Commons Library

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   Mar 18, 2024 · The main total we present here is “core spending power”, a government estimate of the amount of money that local authorities have available to take decisions. This includes settlement funding (made up of Revenue Support Grant and retained business rates revenue), various other grants, and an estimate of the council tax that authorities ...

3. commonslibrary.parliament.uk › research-briefingsTax statistics: an overview - House of Commons Library

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   Most receipts come from three main sources: income tax, National Insurance contributions (NICs) and value added tax (VAT). Together they raised around £626 billion in 2023/24. Recent trends. Between 2007/08 and 2009/10 receipts fell by around 1% of GDP, following the financial crisis and recession of 2008 and 2009.

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4. www.instituteforgovernment.org.uk › explainerLocal government funding in England | Institute for Government

   www.instituteforgovernment.org.uk › explainer

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   Mar 10, 2020 · The fall in spending power is largely because of reductions in central government grants. These grants were cut by 40% in real terms between 2009/10 and 2019/20, from £46.5bn to £28.0bn (2023/24 prices). This downward trend was reversed in 2020/21 and 2021/22 as central government made more grant funding available to local government in ...

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5. www.gov.uk › council-tax-bandsCheck your Council Tax band - GOV.UK

   www.gov.uk › council-tax-bands

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   Other ways to apply. You can also call or email the Valuation Office Agency (VOA) to challenge your Council Tax band if you cannot use the online service. Valuation Office Agency. ctinbox@voa.gov ...

6. www.local.gov.uk › topics › finance-and-businessLocal taxation: council tax and business rates

   www.local.gov.uk › topics › finance-and-business

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   Properties with a rateable value of £12,000 or less are exempt from business rates and those up to £15,000 are eligible for small business rates relief. There are other reliefs and exemptions, including an 80 per cent discount for properties used by charities. Currently local government, collectively retains half of the income from business ...

7. People also ask

   How do local authorities make money?

   • Local authorities have three main sources of revenue: business rates – a property tax levied on business premises. In 2019/20 (the last year before emergency Covid funding), local authorities in England received 22% of their funding from government grants, 52% from council tax, and 27% from retained business rates.

   Local government funding in England | Institute for Government

   www.instituteforgovernment.org.uk/explainer/local-government-funding-england

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   Can a council tax payer challenge a property's valuation?

   • Both council tax and business rates payers are able to challenge their property's valuation with the VOA. Council tax and business rates together make up local authorities’ largest source of income.

   Local taxation: council tax and business rates

   www.local.gov.uk/topics/finance-and-business-rates/local-taxation-council-tax-and-business-rates

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   How much money do local authorities spend in 2022/23?

   • Real-terms figures in this data are calculated using forecasts for the GDP deflator, published by the Office for Budget Responsibility in March 2024. Local authorities in England spent £113.5 billion in 2022/23. This briefing looks at the funding that local authorities receive from central government, and where and how they spend it.

   Local government finances - House of Commons Library

   commonslibrary.parliament.uk/research-briefings/cbp-8431/

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   What are the three main sources of revenue for local authorities?

   • Local authorities have three main sources of revenue: government grants, council tax and business rates. What do local authorities in England do? Local authorities in England deliver social care for children and adults, ‘neighbourhood services’ such as libraries and waste collection, and some aspects of transport, housing and education.

   Local government funding in England | Institute for Government

   www.instituteforgovernment.org.uk/explainer/local-government-funding-england

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   Who is responsible for property valuations for council tax & business rates?

   • Property valuations for both council tax and business rates are the responsibility of a national body, the Valuation Office Agency (VOA). Property valuations for business rates are updated on a five-year cycle. The most recent revaluation came into force in April 2017, based on property values in April 2015.

   Local taxation: council tax and business rates

   www.local.gov.uk/topics/finance-and-business-rates/local-taxation-council-tax-and-business-rates

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   How do local authorities spend their money?

   • Local authorities mostly spend their resources on education services and adult and children’s social care – these three areas together made up over half of local government spending in every year from 2010/11 to 2022/23, much of it as part of ring-fenced grants.

   Local government finances - House of Commons Library

   commonslibrary.parliament.uk/research-briefings/cbp-8431/

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8. www.gov.uk › council-taxHow Council Tax works: Working out your Council Tax - GOV.UK

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   Working out your Council Tax. You’ll need to know 3 things: You may be able to get Council Tax Reduction (this used to be called Council Tax Benefit) if you’re on a low income or get benefits ...