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[this is a data cube dataset] A data cube dataset in folder: Transparency Data

Impact indicator: growth in business rates yield

Business rates yield growth within Enterprise Zones

Linked Data Dataset

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N-Triples
About the Dataset
Contact
Publisher
Ministry of Housing, Communities and Local Government
Creator
Not supplied
In folder
License
Issued
22/08/2013
Modified
17/03/2015
Next update due
Not supplied
Description
How the figure is calculated:

The figure is calculated as the value of business rates relief plus the value of business rate yield minus the baseline level of business rates yield, across all enterprise zones. The data are taken from the Department's National Non-Domestic Rates 1 statistical returns, and are forecasts as reported by local authorities for the financial year 2015-16

Why is this indicator in the business plan?

Enterprise Zones are a key local growth initiative, designed to stimulate new businesses and jobs. The growth in business rates yield can be used as an indicator of how successful Enterprise Zones have been at attracting and growing businesses however, these are gross figures and have not been adjusted for additionality.

How often is it updated?

Annually. NNDR 1 forms, providing a forecast for the year ahead, are published in February prior to the financial year to which they refer. Provisional NNDR 3 forms, providing outturn figures, are published in August of the financial year after which they refer. A further revised release, based on auditor certified returns is published later in the year (November).

Where does the data come from?

Based on data returned to the Department for Communities and Local Government by English billing authorities on National Non-Domestic Rates (NNDR1) forms and the NNDR3 form.

What area does the headline figure cover?

England

Are further breakdowns of the data available?

Data are available by local authority.

What does a change in this indicator show?

An increase in the growth in business rates yield can be used as a proxy for the gross increase in economic activity in an Enterprise Zone (created by new or expanding businesses). The business rate yield figures are not adjusted for additionality.

Time Lag

NNDR1 forms are a leading indicator, NNDR 3 forms are published five months after the end of the financial year to which they refer.

Next available update

February 2016.

Type of Data

Official Statistic

Robustness and data limitations

The financial data contained in the NNDR1 form will be used by billing authorities and major precepting authorities to agree a schedule of payments for the share of business rates income that is to be paid to major precepting authorities. The data will also be used in calculating the entitlement that individual local authorities might have to safety net payments. It also informs other payments that need to be made under the business rates retention scheme, both between billing authorities and major precepting authorities, and between the Department for Communities and Local Government and local authorities. This statistical release is based on 100% response rate on information provided by Friday 30 January 2015. Local authorities therefore have a very strong financial incentive to report accurate financial figures on the NNDR1 forms. The form also has to be signed by the Chief Finance Officer of the authority. Figures are subjected to rigorous pre-defined validation tests both within the form itself, while the form is being completed by the authority and also within the Department for Communities and Local Government as the data are received and stored. Finally, the release document, once prepared, is also subject to intensive peer review before being cleared as fit for the purposes of publication.

Links to Further Information

The latest NNDR1 and NNDR3 statistical releases and local authority level data can be found [here] (https://www.gov.uk/government/organisations/department-for-communities-and-local-government/series/national-non-domestic-rates-collected-by-councils).

Contact Details

CorporatePerformance@communities.gsi.gov.uk

URI

This is a linked data resource: it has a permanent unique uri at which both humans and machines can find it on the Internet, and which can be used an identifier in queries on our SPARQL endpoint.

http://opendatacommunities.org/data/transparency/impact-indicators/business-rates-yield
Graphs

Linked Data is stored in graphs. We keep dataset contents (the data) separately from the metadata, to make it easier for you to find exactly what you need.

The data in this dataset are stored in the graph: http://opendatacommunities.org/graph/transparency/impact-indicators/business-rates-yield

The data structure definition for this data cube dataset is stored in the same graph as the data: http://opendatacommunities.org/graph/transparency/impact-indicators/business-rates-yield

All other metadata about this dataset are stored in the graph: http://opendatacommunities.org/graph/transparency/impact-indicators/business-rates-yield/metadata

Linked Data Resources

A breakdown by type of the 3 resources in this dataset's data graph.

Resource type Number of resources
Impact Indicator Report 3
All metadata
In Graph http://opendatacommunities.org/graph/transparency/impact-indicators/business-rates-yield/metadata
Comment rdfs:comment http://www.w3.org/2000/01/rdf-schema#comment
Business rates yield growth within Enterprise Zones xsd:string
Date Issued dcterms:issued http://purl.org/dc/terms/issued
August 22, 2013 17:12 xsd:dateTime
Date Modified dcterms:modified http://purl.org/dc/terms/modified
March 17, 2015 14:56 xsd:dateTime
Description dcterms:description http://purl.org/dc/terms/description
#### How the figure is calculated: The figure is calculated as the value of business rates relief plus the value of business rate yield minus the baseline level of business rates yield, across all enterprise zones. The data are taken from the Department's National Non-Domestic Rates 1 statistical returns, and are forecasts as reported by local authorities for the financial year 2015-16 #### Why is this indicator in the business plan? Enterprise Zones are a key local growth initiative, designed to stimulate new businesses and jobs. The growth in business rates yield can be used as an indicator of how successful Enterprise Zones have been at attracting and growing businesses however, these are gross figures and have not been adjusted for additionality. #### How often is it updated? Annually. NNDR 1 forms, providing a forecast for the year ahead, are published in February prior to the financial year to which they refer. Provisional NNDR 3 forms, providing outturn figures, are published in August of the financial year after which they refer. A further revised release, based on auditor certified returns is published later in the year (November). #### Where does the data come from? Based on data returned to the Department for Communities and Local Government by English billing authorities on National Non-Domestic Rates (NNDR1) forms and the NNDR3 form. #### What area does the headline figure cover? England #### Are further breakdowns of the data available? Data are available by local authority. #### What does a change in this indicator show? An increase in the growth in business rates yield can be used as a proxy for the gross increase in economic activity in an Enterprise Zone (created by new or expanding businesses). The business rate yield figures are not adjusted for additionality. #### Time Lag NNDR1 forms are a leading indicator, NNDR 3 forms are published five months after the end of the financial year to which they refer. #### Next available update February 2016. #### Type of Data Official Statistic #### Robustness and data limitations The financial data contained in the NNDR1 form will be used by billing authorities and major precepting authorities to agree a schedule of payments for the share of business rates income that is to be paid to major precepting authorities. The data will also be used in calculating the entitlement that individual local authorities might have to safety net payments. It also informs other payments that need to be made under the business rates retention scheme, both between billing authorities and major precepting authorities, and between the Department for Communities and Local Government and local authorities. This statistical release is based on 100% response rate on information provided by Friday 30 January 2015. Local authorities therefore have a very strong financial incentive to report accurate financial figures on the NNDR1 forms. The form also has to be signed by the Chief Finance Officer of the authority. Figures are subjected to rigorous pre-defined validation tests both within the form itself, while the form is being completed by the authority and also within the Department for Communities and Local Government as the data are received and stored. Finally, the release document, once prepared, is also subject to intensive peer review before being cleared as fit for the purposes of publication. #### Links to Further Information The latest NNDR1 and NNDR3 statistical releases and local authority level data can be found [here] (https://www.gov.uk/government/organisations/department-for-communities-and-local-government/series/national-non-domestic-rates-collected-by-councils). #### Contact Details [CorporatePerformance@communities.gsi.gov.uk](mailto:CorporatePerformance@communities.gsi.gov.uk) xsd:string
http://publishmydata.com/def/dataset#contactEmail http://publishmydata.com/def/dataset#contactEmail
mailto:CorporatePerformance@communities.gsi.gov.uk
http://publishmydata.com/def/dataset#graph http://publishmydata.com/def/dataset#graph
http://opendatacommunities.org/graph/transparency/impact-indicators/business-rates-yield
http://publishmydata.com/def/ontology/folder/inFolder http://publishmydata.com/def/ontology/folder/inFolder
Transparency Data http://opendatacommunities.org/def/concept/folders/themes/transparency
http://rdfs.org/ns/void#sparqlEndpoint void:sparqlEndpoint http://rdfs.org/ns/void#sparqlEndpoint
http://opendatacommunities.org/sparql
http://www.w3.org/ns/dcat#theme dcat:theme http://www.w3.org/ns/dcat#theme
Transparency Data http://opendatacommunities.org/def/concept/themes/transparency
Label rdfs:label http://www.w3.org/2000/01/rdf-schema#label
Impact indicator: growth in business rates yield xsd:string
License dcterms:license http://purl.org/dc/terms/license
http://www.nationalarchives.gov.uk/doc/open-government-licence/version/2/
Publisher dcterms:publisher http://purl.org/dc/terms/publisher
Ministry of Housing, Communities and Local Government http://reference.data.gov.uk/id/department/dclg
References dcterms:references http://purl.org/dc/terms/references
http://docs.publishmydata.com
Spatial Coverage dcterms:spatial http://purl.org/dc/terms/spatial
England E92000001 http://statistics.data.gov.uk/id/statistical-geography/E92000001
Subject dcterms:subject http://purl.org/dc/terms/subject
Transparency Data http://opendatacommunities.org/def/concept/themes/transparency
Title dcterms:title http://purl.org/dc/terms/title
Impact indicator: growth in business rates yield xsd:string
Type rdf:type http://www.w3.org/1999/02/22-rdf-syntax-ns#type
http://publishmydata.com/def/dataset#Dataset
http://publishmydata.com/def/dataset#DeprecatedDataset
Machine-readable formats

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dataset metadata JSON RDF/XML Turtle N-Triples Atom