The business impact target (BIT) measures the impact on businesses of any changes to regulated practices, policy or guidance.
The report includes:
- a list of all qualifying regulatory provisions
- a figure showing the economic impact on businesses of each qualifying regulatory provision
- a summary of all non-qualifying regulatory provisions that have come into force, ceased to be in force, or have changed during the reporting period
Publishing this report is a statutory obligation of the Small Business, Enterprise and Employment Act 2015.
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