SIA business impact target, 2021 to 2022
Reports on the economic impact of SIA regulation on business.
Documents
Details
The UK government sets a business impact target (BIT) for how much money it will save businesses. Regulators like the SIA must measure the economic impact on businesses of any changes to how they regulate, so that the government can see how much they contribute to meeting the BIT.
By law, we must:
- publish a list of new or amended regulatory activities
- measure the economic impact of those activities on business
We measure the impact by calculating a 鈥楤IT score鈥�, using rules set by the Department for Business, Energy and Industrial Strategy. When we do, we separate our regulatory activities into 2 categories:
- 鈥楺ualifying regulatory provisions鈥�, which are considered when we calculate our BIT score.
- 鈥楴on-qualifying regulatory provisions鈥�, which are not considered.
The document above sets out the SIA鈥檚 non-qualifying regulatory provisions for December 2021 to December 2022.
There were no qualifying regulatory provisions during the reporting period.