Non-domestic Rates: Ports

Treasury written question – answered on 7th October 2008.

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Photo of Bob Neill Bob Neill Shadow Minister (Communities and Local Government), Deputy Chair, Conservative Party

To ask the Chancellor of the Exchequer whether an impact assessment has been produced in relation to the Valuation Office Agency's decision to (a) increase business rates on port and shipping companies and (b) backdate the higher rateable values.

Photo of Stephen Timms Stephen Timms Financial Secretary (HM Treasury) (also in the Department for Business, Innovation and Skills)

The regulatory changes in relation to ports introduced from 1 April 2005 concerned the valuation basis on which the statutory designated port operators' occupations are assessed (moving from a "formula" to a "conventional" basis). They did not change the law regarding what should or should not be separately assessed, under which the present action is being taken.

Valuation officers have no discretion over the effective date from which alterations in assessment take place, which is prescribed by separate regulation of general application. The valuation officers are simply discharging their normal functions, so no impact assessment has been undertaken by or on behalf of HM Treasury.

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