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Local Government Finance Act 2012 (2012 c 17)

The Local Government Finance Act 2012 significantly reformed the financing of local government in the UK. It introduced the localisation of Council Tax support and permitted local authorities to retain a portion of business rates, shifting from a centrally-distributed funding model. The Act aimed to incentivise councils to drive economic growth by allowing them to benefit directly from increases in business rate revenue. Additionally, it introduced the concept of "localised council tax support schemes," replacing the national Council Tax Benefit and giving councils discretion to support low-income households.

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Local Government Finance Act 2012 (2012 c 17)

The Local Government Finance Act 2012 significantly reformed the financing of local government in the UK. It introduced the localisation of Council Tax support and permitted local authorities to retain a portion of business rates, shifting from a centrally-distributed funding model. The Act aimed to incentivise councils to drive economic growth by allowing them to benefit directly from increases in business rate revenue. Additionally, it introduced the concept of "localised council tax support schemes," replacing the national Council Tax Benefit and giving councils discretion to support low-income households.

Quick and comprehensive access to the most accurate, up-to-date legislation.

��ɫ�� traffic light system shows the status of legislation and cases so you are always using up-to-date law while historical versioning and legislative timelines lets you see exactly what has changed in legislation over time.

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Local Government Finance Act 2012 (2012 c 17)

1 Local retention of non-domestic rates

2 Revenue support grant

3 Additional grant

4 General GLA grant

5 Local retention of non-domestic rates: further amendments

6 Definition of domestic property

7 Payments to and from authorities

8 Provision of information about non-domestic rates

9 Council tax reduction schemes: review

10 Council tax reduction schemes

11 Power to determine further discounts for certain dwellings

12 Power to set higher amount for long-term empty dwellings

13 Mortgagee in possession to be liable for council tax

14 Regulations about powers to require information, offences and penalties

15 Calculation of billing authority's council tax base

16 Provision of information about council tax

17 Power for HMRC to supply information for purposes of council tax

18 Power for HMRC to supply information for purposes of rates in Northern Ireland

19 Interpretation

20 Power to make transitional, consequential etc provision

21 Financial provisions

22 Extent and short title

SCHEDULE 1 Local Retention of Non-Domestic Rates

SCHEDULE 2 Amendment of Provisions about Revenue Support Grant

SCHEDULE 3 Local Retention of Non-Domestic Rates: Further Amendments

SCHEDULE 4 Amendments Relating to Council Tax Reduction Schemes

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