Business rates proposals from Mayor Andy Burnham are forecast to reduce charges for a large number of small high-street businesses, at an estimated annual cost of around £880 million, according to reporting that cites analysis by tax firm Ryan. The forecasts suggest the policy would move more than 140,000 additional small premises out of paying business rates altogether. Coverage across outlets focuses on the potential financial impact of the plan and the scale of business exemptions it would introduce. While the articles highlight the projected cost, they do not provide further detail on how the exemptions are defined beyond targeting additional small premises, nor do they quantify how much revenue would be offset elsewhere. The figures are presented as estimates from the Ryan analysis, implying an expected effect under the proposed scheme rather than a confirmed outcome. Overall, the reporting agrees on the same core elements: the plan, the forecasted annual cost, and the number of additional small premises that would be exempted from business rates.
Burnham business rates plan could cost about £880m by exempting small premises
Business rates proposals from Mayor Andy Burnham are forecast to reduce charges for a large number of small high-street businesses, at an estimated annual cost of around £880 million, according to rep...
- Analysis by tax firm Ryan is cited in coverage of Andy Burnham’s business rates proposals.
- The proposals are forecast to cost around £880 million per year.
- The forecast indicates more than 140,000 additional small premises would be moved out of paying business rates.
- The policy is described as exempting small high-street firms from business rates altogether.
Forecasts by global tax firm Ryan suggest proposals could lift more than 140,000 additional small premises out of paying business rates.
2 hours agoThe policy could exempt more than 140,000 additional small high street firms from paying business rates altogether
2 hours agoForecasts by global tax firm Ryan suggest proposals could lift more than 140,000 additional small premises out of paying business rates.
2 hours ago
Former military nurse called an “angel” during rescue after Venezuela quakes
Multiple reports describe a rescue effort following deadly earthquakes in Venezuela, highlighting the actions of a perso...
Super Typhoon Bavi remains outside PAR; gusts and heavy rains possible later
Super Typhoon “Bavi,” which is expected to enter the Philippine Area of Responsibility (PAR) this week, is currently not...
Police examine mother after four-year-old’s death amid cannibalism allegations
Police in New South Wales examine a woman after the death of her four-year-old son, following allegations that relate to...