CIPFA welcomes guidance on council finances

16-07-2012

The Chartered Institute of Public Finance and Accountancy has welcomed the Government’s consultation setting out how the proposed business rate retention scheme could work. Alongside this the Government has also published draft regulations on the setting up of localised council tax support schemes.

Alison Scott, CIPFA’s local government policy lead, commented,

“This additional information from Government is welcome for the reassurance it will provide to council finance leaders.

“CIPFA will be working over the summer on producing detailed guidance to help local authorities on the implemention of the proposed arrangements.”

CIPFA’s planned detailed guidance on the Collection Fund will follow on from its Brief Guide to Local Government Finance Reform published at the end of May.

 

ENDS

CIPFA Contact: Tim Windle

CIPFA Press Office

t 0207 543 5787

e tim.windle@cipfa.org.uk

Notes to editors:

About CIPFA

CIPFA, the Chartered Institute of Public Finance and Accountancy, is the professional body for people in public finance. Our 14,000 members work throughout the public services, in national audit agencies, in major accountancy firms, and in other bodies where public money needs to be effectively and efficiently managed. As the world’s only professional accountancy body to specialise in public services, CIPFA’s portfolio of qualifications are the foundation for a career in public finance. They include the benchmark professional qualification for public sector accountants as well as a postgraduate diploma for people already working in leadership positions. They are taught by our in-house CIPFA Education and Training Centre as well as other places of learning around the world. We also champion high performance in public services, translating our experience and insight into clear advice and practical services. They include information and guidance, courses and conferences, property and asset management solutions, consultancy and interim people for a range of public sector clients. Globally, CIPFA shows the way in public finance by standing up for sound public financial management and good governance. We work with donors, partner governments, accountancy bodies and the public sector around the world to advance public finance and support better public services. This includes the development of local professional qualifications in African countries like Lesotho and Nigeria and in Europe in post conflict states in the Balkans.