A business rates overhaul proposed by Andy Burnham could cost around £880 million a year, according to analysis cited by multiple outlets. The proposals aim to support small high-street businesses by changing how business rates are applied. Forecasts from the tax firm Ryan indicate that the changes could exempt more than 140,000 additional small premises from paying business rates altogether. This would effectively expand the number of businesses that fall outside the rates system under the plan. The reports describe the policy as increasing thresholds or otherwise adjusting eligibility so that more smaller shops and local premises qualify for relief. While the outlets differ slightly in how they phrase the figures and describe the mechanism, they broadly agree on the headline estimate of the annual cost and the scale of the expanded exemption. The coverage presents the £880 million figure as an assessment derived from Ryan’s forecasting, rather than as a confirmed government costings figure.
Andy Burnham business rates overhaul could cost about £880m, analysis finds
A business rates overhaul proposed by Andy Burnham could cost around £880 million a year, according to analysis cited by multiple outlets. The proposals aim to support small high-street businesses by...
- Andy Burnham has proposed changes to business rates to support small high-street firms.
- Analysis cited by outlets estimates the plan could cost about £880 million per year.
- Forecasts by the tax firm Ryan indicate more than 140,000 additional small premises would be exempt from business rates.
- The proposal would expand eligibility so more smaller shops and local premises pay no business rates.
- The £880 million estimate is presented as based on Ryan’s forecasting.
Andy Burnham’s plan to overhaul business rates in favour of small high street firms could cost around £880m a year, according to new analysis. The proposals would lift more than 140,000 additional small premises out of business rates altogether, forecasts from global tax firm Ryan suggest. Burnham has proposed increasing the threshold for 100 per...
1 month agoForecasts by global tax firm Ryan suggest proposals could lift more than 140,000 additional small premises out of paying business rates.
1 month agoThe policy could exempt more than 140,000 additional small high street firms from paying business rates altogether
1 month agoForecasts by global tax firm Ryan suggest proposals could lift more than 140,000 additional small premises out of paying business rates.
1 month ago
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