MPs back planning gain levy on developers

08 November 2006
 
MPs have backed the Government’s controversial proposal to collect the planning gain supplement revenue from developers after the majority of witnesses to a Commons inquiry said this would be more effective.
But the Communities and Local Government select committee said that much more work needed to be done if the PGS was not to go the way of four previous ultimately unsuccessful charges on development uplift.
The PGS proposals have come under sustained criticism from local authorities because of lack of certainty over how the revenues would be spent, while developers have attacked them for failing to provide extra certainty over what is expected from them. Nearly a year has passed since the consultation on the new levy without any sign of a Government decision.
The backbenchers said ‘there is still a huge amount of work to be done’, including modelling and the production of a cost-benefit analysis, and negotiations with interested parties to ensure that PGS can operate effectively.
But they called for a further round of consultation in order to settle on a consistent, transparent way of valuing development land to determine how much PGS is paid.
The committee concluded that the Government’s proposal for ‘a modest rate’ of the percentage of the uplift in value of land to be captured, once planning permission is granted, could mean that the PGS is a success where four previous post-war levies – three introduced by Labour governments – were failures.

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