Local Government Finance

– Scottish Parliament written question – answered on 11th May 2002.

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Photo of Keith Harding Keith Harding Conservative

Question S1W-15205

To ask the Scottish Executive, further to the answer to question S1W-9252 by Mr Jack McConnell on 4 October 2000, what financial provision will be made for local authorities for the impact of the abolition of advance corporation tax credit for pension funds in 2002-03.

Photo of Keith Harding Keith Harding Conservative

Question S1W-15206

To ask the Scottish Executive, further to the answer to question S1W-9252 by Mr Jack McConnell on 4 October 2000, what provision has been made in the financial settlement for each local authority for 2000-01, 2001-02 and 2002-03 to offset the cost of the abolition of advance corporation tax credit for pension funds.

Photo of Angus MacKay Angus MacKay Labour

The sum of £38.5 million which was made available to local authorities in 2000-01 and 2001-02 for the abolition of Advance Corporation Tax credits has been retained in the local government settlement for 2002-03. Additional provision has also been made for general pay and price inflation.

It is not possible to provide a breakdown by local authority, as there was no separate distribution. The provision was included in the local government finance settlement totals and distributed by the agreed client group methodology.

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