| Published | 27 May 2010 |
|---|
Many companies in ports across England will get a respite from their business rates bills as Government put a halt to demands for backdated charges.
In 2008 the way business rates are calculated was changed. This meant that many port-based companies received large backdated bills, with some charges running to millions of pounds.
The payment freeze announced by Communities Secretary of State Eric Pickles and Local Government Minister Bob Neill offers a respite for ports companies. The Government will continue to explore options to offer permanent relief from backdated bills.
Many businesses across the country have faced huge rises in their bills.
Eric Pickles said:
"Backdated port taxes levied on a vital part of Britain's export industry have left many businesses unfairly facing hefty bills, reaching into the millions in some cases.
"Today I am introducing a suspension of the collection of this ports tax grab, offering immediate help to firms struggling because of this unfair, unjust tax.
"I will not allow Government to idly look on any longer as vital businesses stare into the face of insolvency as a result of the ports tax, and today we're making good on our promise to act.
"We are clear we should be supporting the economy not forcing people out of business."
Local Government Minister Bob Neill added:
"It is vital to the nation that we set things right and stop this nonsensical situation affecting the livelihoods of thousands.
"This payments freeze is an urgent first step that will mean struggling firms have one less thing to worry about in these difficult times, and we will continue to work towards a sensible and fair long term solution."
Below are the rateable values for some of England's major ports areas:
Hull: £8.56 million for 62 business properties
Liverpool: £8.4 million for 91 business properties
Tilbury: £5.25 million for 42 properties
Sheerness: £4.8 million for 59 business properties
Goole: £2.7 million for 58 business properties
Immingham: £6.4 million for 44 properties
Grimsby: £1.79 million for 17 properties
Bristol: £849,000 for 7 business properties
Tyne: £396,000 for 19 properties
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