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IPPR calls on flat rate property rate to replace ‘unfair’ council tax

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  • by Colin Marrs
  • in 151 News · Resources
  • — 22 May, 2019

The current council tax system in London is unfair, increasingly resembling the poll tax, according to think tank the IPPR.

In a new report, it said that the domestic rate system hits London’s poorest households more than six times as hard as the highest earners, according to a report.

Think tank the IPPR called on council tax to be devolved to the capital and its replacement with a proportional property tax based on a percentage of a property’s value.

The report said: “It is economically inefficient particularly because of its banding system, reliance on considerably outdated property prices and the inconsistencies between it, and commercial property taxation.

“Furthermore, it is increasingly unsustainable as a source of local government finance, a trend which is only set to continue.”

The IPPR analysis said a flat rate tax on property values of 0.25% would be fiscally neutral for London.

At this level, around 79% of households would benefit from the reform, the majority of which would be in the current bands A to C, it said.

Properties in the top bands (around 21%) would pay more under this option.

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