Impact Assessments review policy options’ costs, benefits and need for action. De Minimis Assessments give proportionate estimates for measures under £10m EANDCB.
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Details
An Impact Assessment (IA) is a policy tool to assess impacts of options considered, including the expected costs and benefits, and summarises the rationale for Government intervention. De Minimis Assessments are proportionate assessments or estimates of the impacts for measure certified as below the de minimis threshold [currently set at ± £10m Equivalent Annual Net Direct Cost to Business (EANDCB)]