Telecommunications: Tax Allowances
(asked on 15th May 2023) - View Source
Question to the Department for Levelling Up, Housing & Communities:
To ask the Secretary of State for Levelling Up, Housing and Communities, how much business rate relief was granted for new optical fibre telecommunications in each of the financial years between 2017-18 and 2021-22.
Based on National Non-domestic rating returns (NNDR) data can be found at the following link, relief has been awarded as follows:
| 2017-18 | 2018-19 | 2019-20 | 2020-21 | 2021-22 | TOTAL |
In Year | £0 | £0 | -£26,256 | -£30,654 | -£1,992,529 | -£2,049,439 |
Adjustments to amount of relief provided in respect of previous years | £0 | £0 | -£14,043 | £4,193 | -£2,181,550 | -£2,191,400 |
TOTAL |
|
|
|
|
| -£4,240,839 |
Adjustments in respect of previous years can refer to any of the five years of the scheme. Four hereditaments received telecoms relief in 2019-20, three in 2020-21 and twenty-one in 2021-22.