§ Mr. Mark FieldTo ask the Secretary of State for Transport, Local Government and the Regions how much revenue was raised from the business rate in the Greater London area during(a) the last 12 months and (b) each year since 1992. [40182]
§ Dr. WhiteheadThe table gives the revenue raised from business rates in Greater London for 1991–92 to 2000–01, and estimated revenue from business rates for 2001–02 and 2002–03. This information is based on returns provided by London boroughs and the City to the Department.
£ billion Net business rate yield 1991–92 3,211 1992–93 3,272 1993–94 3,149 1994–95 2,845 1995–96 2,802 1996–97 3,191 1997–98 3,090 1998–99 2,793 1999–2000 2,810 2000–01 3,117 2001–02 3,552 2002–03 3,804 Revenue from business rates between 1991–92 and 2000–01 is based on local authorities' outturn net yield figures shown on the national non-domestic rates return (NNDR3). Figures for 2001–02 and 2002–03 are based on the local authorities' net rate yield figure shown on the national non-domestic rates return (NNDR3). The net rate yield is the amount of business rates local authorities expect to collect.