It takes the average reader and 44 minutes to read Business rate supplements by Great Britain: H.M. Treasury
Assuming a reading speed of 250 words per minute. Learn more
This White Paper sets out the Government's proposal to introduce a power for local authorities and the Greater London Authority (GLA) to raise and retain local supplements on the national business rate, having examined carefully the potential benefits and costs, including economic impacts. Building on the extensive public sector debate on reforms to business rates in England, the recommendations of the Lyons Inquiry (ISBN 9780119898545) and the commitment to consider options for business rate supplements in the review of sub-national economic development and regeneration, the Government's proposed model for business rate supplements involves four levels of protection for business: revenue from supplements will only be available for spending on economic development, such as infrastructure. a national upper limit of 2p in the pound will be set on the level of supplements that can be levied. to protect smaller businesses from disproportionate burdens, properties liable for business rates with a rateable value of £50,000 or less will be exempted from paying supplements. where the supplement will support more than a third of the total cost of the project there will additionally be a full 'double-lock' ballot of businesses affected. Revenues from the supplements will be locally raised and retained, with local decision-making on the duration of any supplement and the specific projects it should be spent on. Only the highest tier local authority in ant area should be entitled to levy supplements. These authorities will be able to raise supplements for projects, within the existing statutory framework.
Business rate supplements by Great Britain: H.M. Treasury is 44 pages long, and a total of 11,176 words.
This makes it 15% the length of the average book. It also has 14% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes 1 hour and 1 minute to read Business rate supplements aloud.
Business rate supplements is suitable for students ages 8 and up.
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