Jim McMahon – 2016 Parliamentary Question to the Department for Communities and Local Government
The below Parliamentary question was asked by Jim McMahon on 2016-03-07.
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.
Mr Marcus Jones
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.
