AQW 7068/17-22 Written question to the Minister of Finance
To ask the Minister of Finance whether consideration is being given to undertaking an independent review of Non Domestic Rating System.
Asked by Andrew Muir MLA on 16 September 2020
- Answered
- Written
- Tabled
- 16 September 2020
- Answer due by
- 1 October 2020
- Answered
- 24 September 20208 days after tabling
- Department
- Department of Finance
- Priority question
- No
Answer
I have no plans to have an independent review of the non-domestic rating system undertaken. The Public Consultation, undertaken less than a year ago as part of my Department’s comprehensive Review of Business Rates, provided a broad and extensive range of independent responses. That Review led to the Executive’s reduction of the non-domestic regional rate by 18%, the extension of the Small Business Rate Relief Scheme, and the re-introduction of the Rural ATMs Scheme. That evidence, along with the advice from the Ulster University Economic Policy Centre, helped in the development of the unprecedented £313m in additional rate relief provided by the Executive since April, and I have no doubt it will continue to shape our ongoing response.