Commenting on the Government’s announcement to postpone a property revaluation in England, Steve Freer, Chief Executive of the Chartered Institute of Public Finance and Accountancy (CIPFA) said,
‘Very few people will be surprised by this decision. Expected spending cuts are already creating a high level of uncertainty and risk around public services. Adding a revaluation into that mixture could create a potentially explosive cocktail.
‘However, the failure of successive governments to grasp the revaluation nettle does have a significant downside. It erodes confidence in the Council Tax by making it feel excessively complex and difficult for taxpayers to understand. It misses a critical opportunity to simplify the tax and make it more transparent, putting it on a more positive footing which would be both robust and fair.’
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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.