A plan to increase the business rates of ports across the UK may be delayed by a year, it has been revealed.
Several ports across the country were due to have their business rates (a local business tax) increased this year as part of a plan devised by the government.
However, a strong protest against the proposal has been lodged by port operators, who are claiming that increased costs have already forced many operators into insolvency amid the current financial downturn.
The recommendation to delay the implementation of the tax increase was made in a report by the House of Commons Treasury Sub-Committee.
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