Over 25,000 NI businesses benefitting from 100% rates relief

  • Photo: Finance Minister Conor Murphy with Gary Keenan of Bogart Menswear

    Over 25,000 businesses in Northern Ireland are now benefitting from the 12 months rates holiday introduced by the Executive to help businesses impacted by Covid-19.

    Legislation has now been made, detailing the categories of business use across the hospitality, tourism, retail, leisure and other sectors to benefit from 100% rate relief until 31 March 2021.

    Finance Minister Conor Murphy said: “The Executive is committed to protecting livelihoods and supporting businesses impacted during this extremely challenging time. The 12 months rates holiday is supporting in excess of 25,000 businesses across the sectors most adversely impacted, including childcare establishments which are integral to supporting the process of economic recovery.

    “This targeted support builds on the four months rates holiday provided to all businesses and demonstrates our continued determination to helping businesses get through this pandemic.”

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    Rate bills will issue to businesses here next week and will indicate that businesses will benefit from either the four or 12 month holiday.

    Where Land & Property Services (LPS) has sufficient information about business use LPS will automatically apply the 12 month rates holiday.

    If a business has not been automatically awarded the 12 months rates holiday and their business falls within the categories of use listed in legislation, they may apply for the rates holiday by providing more information to LPS about their business use.

    Further details can be found on the nibusinessinfo website at: www.nibusinessinfo.co.uk/rates-holiday.

    Source: Written from press release

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    Niamh is a Sync NI writer with a previous background of working in FinTech and financial crime. She has a special interest in sports and emerging technologies. To connect with Niamh, feel free to send her an email or connect on Twitter.

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