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Metadata
Econ0010: VAT registered business survival rates
ETES3, Welsh Assembly Government
The statistics are no longer produced by the Department for Business, Innovation and Skills. These statistics have been replaced by the Business Demography series produced by the Office for National Statistics, which is the only official source of information on business start-ups and closures. These statistics can be found on StatsWales under Statistics on Businesses and Business Demography.
Last update: 19 Feb 2007
Was added to StatsWales: 19 Feb 2007
Source: Enterprise Directorate, Department for Business, Enterprise and Regulatory Reform (BERR)
Contact: economic.stats@wales.gsi.gov.uk
These data are approximate 3 year business survival rates by UK country, English region and Welsh local authority. The data show the proportion of businesses which register for VAT in each year from 1995 which are still registered for VAT three years later.
Unless specified otherwise all rates are based on at least 200 VAT registrations. Where rates are based on less than 200 registrations, caution is advised in their interpretation, although no rate presented is based on less than 100 registrations. To ensure the latter, the rates quoted for Merthyr Tydfil and Blaenau Gwent are based on the aggregate data for the two local authorities. The number of new VAT registrations in each year for each local authority can be found in report [000111], which is located in the same StatsWales folder as this dataset.
The methodology for calculating survival rates is such that an enterprise with several units will be shown as surviving as long as at least one unit remains.
These survival rates are only estimates of exact survival rates for businesses registered for VAT as some businesses registering may already have been in existence but below the VAT threshold, while some businesses de-registering may remain in business but with a turnover below the VAT threshold.
The figures also tend to over-estimate overall survival rates because they do not include over one million of the UK’s smallest businesses with the lowest survival rates (as they are below the VAT threshold). Although estimates are available for the number of these smaller businesses, there are no sources of data that track the individual businesses and hence it is not possible to calculate comprehensive survival rates.
The figures fall outside the scope of National Statistics.
Last update: 19 Feb 2007
Was added to StatsWales: 19 Feb 2007
Source: Enterprise Directorate, Department for Business, Enterprise and Regulatory Reform (BERR)
Contact: economic.stats@wales.gsi.gov.uk
These data are approximate 3 year business survival rates by UK country, English region and Welsh local authority. The data show the proportion of businesses which register for VAT in each year from 1995 which are still registered for VAT three years later.
Unless specified otherwise all rates are based on at least 200 VAT registrations. Where rates are based on less than 200 registrations, caution is advised in their interpretation, although no rate presented is based on less than 100 registrations. To ensure the latter, the rates quoted for Merthyr Tydfil and Blaenau Gwent are based on the aggregate data for the two local authorities. The number of new VAT registrations in each year for each local authority can be found in report [000111], which is located in the same StatsWales folder as this dataset.
The methodology for calculating survival rates is such that an enterprise with several units will be shown as surviving as long as at least one unit remains.
These survival rates are only estimates of exact survival rates for businesses registered for VAT as some businesses registering may already have been in existence but below the VAT threshold, while some businesses de-registering may remain in business but with a turnover below the VAT threshold.
The figures also tend to over-estimate overall survival rates because they do not include over one million of the UK’s smallest businesses with the lowest survival rates (as they are below the VAT threshold). Although estimates are available for the number of these smaller businesses, there are no sources of data that track the individual businesses and hence it is not possible to calculate comprehensive survival rates.
The figures fall outside the scope of National Statistics.