Statutory guidance

Business impact target: statutory guidance

Guidance for regulators on implementing the business impact target.

• From: Department for Business, Innovation, Science and Trade, Department for Business and Trade and Department for Business, Energy & Industrial Strategy
• Published: 2 December 2016
• Last updated: 5 April 2019
  Show all updates

  1. 5 April 2019

     Updated calculator with new GDP deflator figures.

  2. 18 March 2019

     Updated to include latest GDP deflators - addition of user guide.

  3. 6 March 2019

     Update for 2019 BIT reporting.

  4. 6 March 2019

     Updated for 2019 BIT reporting.

  5. 17 January 2019

     The statutory guidance has been updated to reflect changes to the administrative exclusions to the business impact target and to provide the deadlines for the reporting cycles for the current parliament. The most significant change is the introduction of the +/- £5 million threshold that excludes low impact measures from the target.

  6. 26 November 2018

     'Quick start guide for regulators' and 'Statutory and administrative exclusions guide' withdrawn. 'Assessment EANDCB calculator' updated. 'Policy statement' and 'Non-Qualifying Regulatory Provisions (NQRP) summary' templates removed.

  7. 19 April 2017

     Supporting guidance and templates added.

  8. 2 December 2016

     First published.

Documents

Business Impact Target: statutory guidance

PDF, 338 KB, 11 pages

Business Impact Target: quick-start guide for regulators

PDF, 1.42 MB, 48 pages

Business Impact Target: statutory and administrative exclusions guide

PDF, 867 KB, 26 pages

Business Impact Target: appraisal of guidance

PDF, 643 KB, 33 pages

Business Impact Target: assessment EANDCB calculator

MS Excel Spreadsheet, 698 KB

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EANDCB Calculator User Guide

MS Word Document, 631 KB

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Business Impact Target: Qualifying Regulatory Provisions (QRP) assessment template

MS Word Document, 72.8 KB

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Business Impact Target: Non-Qualifying Regulatory Provisions (NQRP) summary template

MS Word Document, 60.7 KB

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Details

The business impact taget (BIT) concerns the economic impact of regulation on businesses. This guidance is to assist regulators in implementing the provisions of the BIT. It is aimed at policy-makers, analysts and lawyers in regulators and government departments.