WAQ76396 (e) Tabled on 24/04/2018

Will the Cabinet Secretary provide a breakdown of rates relief for small businesses in the years 2010-11, 2011-12, 2012-13, 2013-14, 2014-15, 2015-16, 2016-17 and 2017-18 as well as the percentages of small businesses provided with a tax cut in these years?

Answered by Cabinet Secretary for Finance | Answered on 01/05/2018

Statistics on non-domestic rates relief for both the mandatory and discretionary schemes operating in Wales are published on StatsWales.  

The non-domestic rates system operates on the basis of the values of non-domestic properties and defines small businesses only by reference to their property valuation.  The Small Business Rates Relief scheme provides 100% relief to businesses with a rateable value up to £6,000 and tapered relief for values up to £12,000.  All businesses defined as small businesses for rating purposes receive relief. 

The Welsh Government does not hold information on other definitions of small businesses which would be needed to calculate percentages of small businesses provided with a tax cut.

Mandatory and Discretionary Non-Domestic Rates Relief*

      (£million)
  Small Business Rate Relief Other Relief Total Relief
2010-11 45 90 136
2011-12 78 82 160
2012-13 86 89 175
2013-14 92 95 187
2014-15 98 98 196
2015-16 100 97 197
2016-17 106 99 205
2017-18** 109 111 220

Source: StatsWales (NDR3 and NDR1 forms)

*Excludes grant funded relief schemes such as the High Street Rate Relief

**Forecast figures