Laura Sharman 30 April 2021

Government consults on new £2bn developer tax

Government consults on new £2bn developer tax image

The Government has launched a consultation into a new residential developer tax to help towards the cost of removing unsafe cladding.

The new tax, which was originally proposed in February, would raise at least £2bn over the next ten years and would apply to residential developers that make profits over £25m.

The money raised would contribute towards the cost of cladding remediation work and would apply to converting existing buildings as well as new construction.

Financial secretary to the Treasury, Jesse Norman, said: 'Ending the use of unsafe cladding is a priority for the government, as it builds back better from the pandemic. Given the significant costs associated with the removal of unsafe cladding, it is right to seek a fair contribution from the largest developers in the residential property development sector to help fund it.

'The Government wants to ensure this tax is proportionate and works as intended, which is why it is launching this consultation today.'

SIGN UP
For your free daily news bulletin
Highways jobs

Practice Supervisor

North Yorkshire Council
£47,181 - £51,356 per annum, pro rata
The service very much promotes flexible working with the ability to work remotely from other bases, as well as working from home Richmond, North Yorkshire
Recuriter: North Yorkshire Council

Practice Supervisor

North Yorkshire Council
£47,181 - £51,356 per annum, pro rata
The service very much promotes flexible working with the ability to work remotely from other bases, as well as working from home Northallerton, North Yorkshire
Recuriter: North Yorkshire Council

Legal Assistant Litigation

Durham County Council
£30,024 to £33,699 p.a. (Grade 7)
The Council’s Regulatory & Enforcement team is expanding and is looking to appoint a legal assistant to support and enhance its litigation work.   WHA Durham
Recuriter: Durham County Council

Customer Services Assistants

Durham County Council
£24,790 to £25,992 p.a. (Grade 4)
A vacancy has arisen within Transactional and Customer Services for two  Customer Services Assistant working full time, 37 hours per week. Your primar Durham
Recuriter: Durham County Council

Litigation Lawyer

Durham County Council
£47,181 to £51,356 p.a. (Grade 13)
The Council’s Regulatory & Enforcement team is expanding and is looking to appoint a lawyer to support and enhance its litigation work.   WHAT IS INVO Durham
Recuriter: Durham County Council
Linkedin Banner