local tax

(redirected from Local Taxation)

Local Tax

A tax levied and collected by a state/province and or municipality. Local taxes are collected in order to fund local government services, but they often are also used to pay coupons and principals on municipal bonds. Local taxes sometimes come in the form of income or sales taxes, but the largest example of a local tax is property tax.

local tax

a TAX on property or persons by local authorities/councils which, together with central government grants, is used to finance the provision of various local services. Before 1990, in the UK, rates were levied on eligible properties; between April 1990 (April 1989 in Scotland) and April 1993 a community charge (poll tax) was levied on eligible persons; since April 1993 a council tax has been levied on eligible properties. The current means of raising local taxes, the council tax, is based on the rateable value of local properties, the amount payable in the case of residential dwellings being adjusted to take into account such things as the number of people living in the property, their incomes, and any disabilities they suffer. See UNIFORM BUSINESS RATE.

local tax

a TAX on property or persons by local authorities/councils that, together with central government grants, is used to finance the provision of various local services. Before 1990, in the UK, rates were levied on eligible properties; between April 1990 and April 1993, a ‘community charge’ (‘poll tax’) was levied on eligible persons; since April 1993, a ‘council tax’ has been levied on eligible properties. The current means of raising local taxes, the council tax, is based on the rateable value of local properties, the amount payable in the case of residential dwellings being adjusted to take into account such things as the number of people living in the property their incomes, and any disabilities they suffer. See UNIFORM BUSINESS RATE.
References in periodicals archive ?
The Scottish Government were repeatedly warned that a merged police force would not qualify for this exemption because it would not be funded from local taxation.
If their plan to reform local taxation means they are able to have power to levy new taxes, such as a tax on hotel rooms, and would enable them to explore other taxes, such as a local income tax, or sales tax, congestion charge or a work place parking tax, that would spell out disaster for Birmingham and the WMCA.
Contract notice: Framework Contract for the Provision of a Local Taxation and Benefits Billing, Printing and Postage Service.
While every force has had its funding cut, the National Audit Office said that some had been affected more than others because of the Government's failure to take into account how much money each force raised from local taxation.
Weintraub has focused his practice upon state and local taxation for more than 40 years.
The WLGA says that Westminster cuts and the Welsh Government's decision to protect health spending have led to a further PS300m shortfall in local government spending and that a rise in local taxation levels has been unavoidable.
Obviously I have no particular knowledge but in the round it appears that: a) the council cannot increase local taxation.
The Secretariat General for Taxation (SGT) is actively implementing tax policy and compliance requirements that are likely to have significant effect on the local taxation environment.
The Labour Party has had overwhelming political control of all council services, spending and local taxation since 1945.
Mark Clapham, regional director of rating at Lambert Smith Hampton in Birmingham, said: "One of the most enduring concerns of business leaders is the increasingly disproportionate profile of business rates as an element of local taxation.
Since making its F1 debut in 2011 to positive reviews, the Indian GP has been dogged with issues concerning the huge expense accrued to stage the race and the sport's exposure to high local taxation, which Ecclestone has bemoaned in the past, the report said.