Concerns For Southend Arcades

Trade body Bacta said businesses faced an average additional tax bill of £400,000, which will "almost certainly'' add to the 200 arcade closures in the past two years.

A report by Ernst & Young for Bacta found that the worst hit businesses could face an extra tax bill of over £1 million a year.

Derek Petrie, president of Bacta, said: "At present we have a taxation system that works and is understood by arcade owners. In front of us we have a proposal to discard that system and replace it with a new tax that will threaten the livelihoods of hundreds of operators at seaside resorts across the UK.

"The new system will introduce further complexity and a burden of compliance to an already strained industry. The data from Ernst & Young clearly states that the losers from these changes will face large, crippling new tax bills of #400,000 on average. This change is disruptive, unwarranted and under-researched."

Derek Jarvis is the Executive Councillor of Culture and Tourism at Southend Council. He's been telling Heart there's no need to worry yet: "The next time this will surface is when the Finance Bill 2012 is being put together so it will not be implement until 2013. So there's a good deal of water to go under the bridge yet."

He added: "Our duty is to get the tourists into the town and obviously spend their money in the arcades. I would hope that the fairness that would seem to be in the idea behind this bill does prove to be so, but there's a good deal more time to run on this yet."

Here more from Councillor Derek Jarvis here.

Local News

Recently Played Tracks

On Radio: Matt Wilkinson

1pm - 4pm

Email the show

Text 82122

Matt Wilkinson

Stay tuned...

Watch heart TV

  • Now playing: The best feel good music

Heart VIP


Autumn Weather

Find your local four day weather report here.

Listening To Radio Win With Heart

Make Heart the soundtrack to your day and you could be a winner with great prizes up for grabs throughout the day.

Advertise Advertise in Essex

Get some great ideas on how to advertise your business on radio, online and on mobile.

Follow Heart on Twitter