PARLIAMENTARY WRITTEN QUESTION
Small Businesses: Non-domestic Rates (23 March 2016)
Question Asked
To ask the Secretary of State for Communities and Local Government, how he plans that the section 31 grant to compensate councils for the extension of small business rate relief will be funded.
Asked by:
Mr Clive Betts (Labour)
Asked by:
Mr Clive Betts (Labour)
Answer
By raising £8 billion through a package of measures to counter tax avoidance and aggressive tax planning by multinational enterprises, Government has been able to announce in the Budget a £6.7 billion reduction in business rates. This is the biggest ever cut in business rates in England. The funding for these section 31 grants was provided for in Budget 2016 through the Budget scorecard (lines 15-17). This additional funding is included in the DCLG Local Government DEL budget figures on page 91 of the Budget Report.
Answered by:
Mr Marcus Jones (Conservative)
19 April 2016
Contains Parliamentary information licensed under the Open Parliament Licence v3.0.