Small Businesses: Non-domestic Rates
(asked on 7th March 2016) - View Source
Question to the Department for Levelling Up, Housing & Communities:
To ask the Secretary of State for Communities and Local Government, what estimate his Department has made of the cost to the public purse of small business rate relief in each of the last three years.
This question was answered on 14th March 2016
The net cost to the public purse of Small Business Rate Relief is given in the table below. It is the total relief provided, less the yield from the large business supplement.
£ million | 2014-15 | 2015-16 | 2016-17 |
Relief Provided | 1,060 | 1,070 | 1,130 |
Yield from Supplement | 540 | 630 | 650 |
Net Cost | 520 | 440 | 480 |
Source: National Non-Domestic Rates. 2015-16 and 2016-17 are forecasts.