A Guide to Local Government Taxation and the Collection Fund

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With the introduction of new homes bonus, local support for council tax and business rate localisation, the collection fund has been elevated from something only the most technically minded accountants understood to one of the most important determinants of the resources available to a local authority.

Councils are grappling with how to forecast growth in tax base for both domestic and business properties, the cost of discounts and the outcome of business rate appeals.

Legislation around business rates allows for some, but not all, variations between forecasts and actuals to be ignored in year in terms of resources.

This revised guide includes additional material on the practical implementation of the new schemes and is updated for the latest sets of regulations and accounting guidance. It provides an invaluable single source of reference for those concerned with both accounting for and the resource implications of the collection fund.

This publication is available in hard copy and online.

The digital, online version is available as both searchable HTML and a bookmarked downloadable PDF of the publication that can be shared throughout your organisation. Customers will need to register and login to CIPFA’s website to access the publication.

Details of licensing arrangements for other categories of purchaser, which includes those organisations operating shared service arrangements, are available from CIPFA’s Publications Department.