What the estimated annual cost would be of abolishing business rates in terms of loss of revenue.

Answered Asked by Alex Neil SNP Lodged 24 Nov 2003

The question

To ask the Scottish Executive what the estimated annual cost would be of abolishing business rates in terms of loss of revenue.

The answer

Answered by Andy Kerr on 8 Dec 2003 · 14 days after it was lodged, on time

£1.731 billion (mid-yearestimate) was raised from non-domestic rates in the current financial year. Inprevious years the amount has been:
Year
| Amount

1996-97
| £1.332 billion (certified amount)

1997-98
| £1.327 billion (certified amount)

1998-99
| £1.436 billion (certified amount)

1999-2000
| £1.497 billion (certified amount)

2000-01
| £1.577 billion (certified amount)

2001-02
| £1.673 billion (certified amount)

2002-03
| £1.705 billion (notified amount)

In the Official Report

No contribution in the Official Report cites S2W-04367 by reference.