CIPFA on NAO’s planning for 100% local retention of business rates

30-03-2017

Sean Nolan, Director of Local Government at CIPFA, said: “The National Audit Office (NAO) has highlighted some significant concerns with the progress towards implementing 100% local retention of business rates, not least because of the volume of work that remains and the shortage of capacity to achieve it. 

“The long-term opportunities for local government come with a number of short-term challenges and it is crucial that the risks, challenges and trade-offs are fully assessed if the reform is to succeed. It is not simply a technical matter, but represents a step-change in how all our vital local government services will be funded in future.

“Given this is a headline policy for the government and that the 2019/20 deadline is looming, CIPFA shares the NAO’s concerns and trusts ministers will take on board the recommendations as soon as possible.”

ENDS

For media enquiries contact the CIPFA press office on T: 020 7543 5703 / 07833 091 303 or E: david.stone@cipfa.org.