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BUST COMPANIES TO STILL PAY RATES

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The government is to clamp down on companies which stop paying business rates when they go into receivership. ...
The government is to clamp down on companies which stop paying business rates when they go into receivership.

Councils currently have few powers to force receivers to pay rates on insolvent companies which may continue to trade for years.

Local government minister David Curry said the proposals would close the loophole by making receivers personally liable for rates due after their appointment.

He said businesses in receivership refusing to pay rates still benefited from the local services.

'Effectively these companies are in receipt of a hidden public subsidy that enables them to compete unfairly with other businesses,' said Mr Curry.
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