Question to the HM Treasury:
To ask the Chancellor of the Exchequer, what assessment his Department has made of the potential merits of replacing Council Tax with a Proportional Property Tax.
Council Tax is a vital source of income for Local Authorities, which the OBR forecasts will raise £50.9 billion across England in 2025/26.
The new High Value Council Tax Surcharge (HVCTS) makes the Council Tax system fairer by adding charges to high value property.