Bradley calls for no further delay in rates revaluation

Newry Times News Posted by
info@newrytimes.com
Wednesday, October 24th, 2012
Politics

SDLP finance spokesperson Dominic Bradley has warned that there should be no further delay in revaluating the rateable value of non-domestic properties in Northern Ireland.

Bradley was speaking as it was revealed that the UK Collation Government plan to postpone its revaluation exercise until 2017.

Speaking to Newry Times, Bradley said: “Many of our businesses across the north are on their knees with their rates bill being one of their largest payments in the year and yet the UK collation government want to delay any revaluation exercise which, for many could see their rates bill being reduced.

“At present, rates bills for non-domestic properties are based on 2001 valuations and are planned for review in 2015, and I am on record in calling for this to be taken sooner rather than 2015, never mind delaying it further.

He added, “The Executive has committed itself to revaluation in 2015 on the basis that delaying the exercise beyond 2015 would call into question the credibility of the business rates system here. The Finance Minister has yet to make is position pubic on this latest development.

“However, I hope he will, at the very least, stick to the line that the revaluation process in Northern Ireland should be commenced during 2015 and that there should be no further delays.

“This matter is due to be raised at this week’s meeting of the Finance and Personnel Committee and I will be arguing we press ahead in 2015 despite the plans of the UK Collation Government.”


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