HC Deb 12 June 1995 vol 261 cc391-2W
Mr. Hicks

To ask the Chancellor of the Exchequer what is the current position in respect of the 1995 revaluation of caravan and leisure parks following the discussions between representatives of the leisure caravan industry and the Valuation Office agency; when he expects a national agreement to be reached similar to the one reached in 1990; what further meetings are planned; and if he will make a statement. [27795]

£ million
Manufacturing companies Financial companies Unincorporated business in manufacturing
Gross trading profits Capital allowance claimed Stock relief claimed Gross trading profits Other income Capital allowance claimed Interest payments Gross trading profits Capital allowance allowed Stock relief claimed
1981 11,703 6,140 n/a -6,750 22,747 2,130 14,823 998 99 14
1982 14,025 5,637 1,403 -7,491 24,508 2,300 15,923 938 127 13
1983 15,764 6,673 1,815 -5,831 23,869 3,638 15,060 1,280 164 13
1984 16,597 6,668 625 -8,668 27,409 6,088 18,448 1,700 217 -
1985 18,560 6,257 - -8,478 34,888 4,607 25,328 1,730 166 -
1986 19,880 5,631 - -8,146 36,986 3,165 25,404 1,600 110 -
1987 22,096 6,180 - -6,830 40,379 4,441 26,466 1,970 159 -
1988 26,648 7,883 - -10,549 47,483 7,216 31,059 2,390 214 -
1989 28,103 9,565 - -13,631 70,172 7,172 48,855 2,490 216 -
1990 30,539 9,413 - -14,973 85,398 7,538 64,245 2,920 258 -

Mr. Nelson

Two meetings took place in April between the representatives of the leisure caravan industry and the Valuation Office agency. At the second meeting on 28 April, the representatives of the industry undertook to select representative sites to be considered in detail. It is expected that they will assemble financial and other information on the individual sites by mid-June to enable discussions to resume. If, as is hoped, a national agreement can be reached on the way in which the sites should be valued, valuation officers will take steps to implement any changes which are necessary.

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