Freeport’s savings
up to £15,000,000*
Located within the 3MG Widnes Customs and Tax Site, one of only three designated zones in the Liverpool City Region Freeport, this property offers exclusive access to Freeport benefits. As one of just eight Freeports in England, Liverpool City Region Freeport is designed to drive transformational change through inclusive, innovative, and sustainable investment.
Eligible businesses can take advantage of UK investment benefits plus incentives in customs, tax, planning, infrastructure, and innovation.
*Subject to status. Eligible businesses will benefit from tax and customs Freeport benefits.
Tax benefits
Tax Benefits offer businesses cash savings through business rates relief and other incentives to support capital investment, skills and employment.
BUSINESS RATES RELIEF 100%
business rates relief on qualifying new properties and partial relief for expanded properties in Freeport tax sites until 30/09/2031. STAMP DUTY RELIEF 0% stamp duty on property to be used for qualifying commercial purposes until 30/09/2031.
EMPLOYER NATIONAL INSURANCE CONTRIBUTIONS (NIC) RELIEF 0%
employer NICs paid on salary up to £25,000 p/a applicable for 3 years per eligible employees (new hi res who spend 60% of their working time in the Freeport).
BUSINESS RATES RELIEF 100%
business rates relief on qualifying new properties and partial relief for expanded properties in Freeport tax sites until 30/09/2031. STAMP DUTY RELIEF 0% stamp duty on property to be used for qualifying commercial purposes until 30/09/2031.
EMPLOYER NATIONAL INSURANCE CONTRIBUTIONS (NIC) RELIEF 0%
employer NICs paid on salary up to £25,000 p/a applicable for 3 years per eligible employees (new hi res who spend 60% of their working time in the Freeport).
ENHANCED STRUCTURES & BUILDING ALLOWANCES
10% per annum tax deduction for ten years of qualifying expenditure, on non residential structures and buildings for which construction commences for the date a tax site is confirmed and approved by government and brought into use before 30/09/2031.
ENHANCED CAPITAL ALLOWANCE
100% first year allowance for qualifying expenditure of plant & machinery. 10% tax deduction per annum.
10% per annum tax deduction for ten years of qualifying expenditure, on non residential structures and buildings for which construction commences for the date a tax site is confirmed and approved by government and brought into use before 30/09/2031.
ENHANCED CAPITAL ALLOWANCE
100% first year allowance for qualifying expenditure of plant & machinery. 10% tax deduction per annum.
Custom benefits
Customs Benefits help enable the tariff-free movement of goods for both export and import through simplified customs procedures and relate to the timing of recognising investments and therefore offer a cashflow benefit to businesses.
Tariff Benefits
Tariff Benefits Duty referral for goods stored on-site and duty inversion for goods exiting the Freeport. Savings from duties that do not need to be paid on outside goods and attract a lower tariff than their component parts. Duty exemption for goods that are exported from the Freeport.
Trade Benefits
Simplified and more streamlined import procedures.
VAT Benefits
VAT suspension until goods leave the tax site entering into free circulation in the UK.
Simplified and more streamlined import procedures.
VAT Benefits
VAT suspension until goods leave the tax site entering into free circulation in the UK.
