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ANNEX D SFIA review: possible changes to levy rates
The following calculations show the impact of applying levy to salmon, trout and canned and bottled fish while setting a single ad valorem rate equivalent to the lowest rate currently applicable.
A | SFIA total levy income 2004-05 | £8,652,000 |
B | Total value of levyable products | £1,508,789,000 |
C | Average levy (in £) per £ of levyable product : ie (A/B) Lowest average levy per fish sector = shellfish | 0.005734 |
D | SFIA total levy income 2004-05 from shellfish only | £2,040,000 |
E | Total value of levyable shellfish products | £572,716,000 |
F | Average levy (in £) per £ of levyable shellfish product : ie (D/E) | 0.003562 |
| G | Total levy income (across all sectors) if 0.003562 ad valorem rate applied (ieFxB) | £5,374,269 |
H | Estimated value of farmed salmon and sea trout (2003 figures) | £300,000,000 |
| I | Predicted levy income from farmed salmon and sea trout at average levy rate of 0.005734 as above : (ie HxC) | £1,720,320 |
J | Predicted levy income from farmed salmon and sea trout at average levy rate of 0.003562 (shellfish level) as above : ie (HxF) | £1,068,592 |
K | Total levy at lowest (shellfish) ad valorem rate if farmed salmon and sea trout added to scope of levy (ie G+J) | £6,442,861 |
L | Estimated value of canned and bottled fish exc salmon (2004 figures) | £205,000,000 |
M | Predicted levy income from canned and bottled fish at average levy rate of 0.003562 (shellfish level) as above : ie (LxF) | £730,205 |
N | Total levy at lowest (shellfish) ad valorem rate if canned and bottled fish and farmed salmon and sea trout added to scope of levy (ie G+J+M) | £7,173,066 |
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