‘Rate Revaluation must deliver for small traders’ – NIIRTA

Newry Times News Posted by
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Wednesday, April 3rd, 2013
Business
The Northern Ireland Independent Retail Trade Association (NIIRTA) has urged small business owners to fully engage with the forthcoming Rate Revaluation. Business owners will shortly be receiving letters urging them to complete a Form of Return as part of the valuation process. Small Business owners will also be receiving their rates bills this week, with many of them seeing their bills reduced by twenty percent as a result of the Small Business Rate Relief Scheme extension. NIIRTA Chief Executive Glyn Roberts said, “For many small traders this Rates Revaluation could not come sooner and so it is vital that when they receive letters in the next few weeks they return the correct information to the Reval team. “NIIRTA would urge DFP Minister Wilson to ensure that this Rate Revaluation further supports small business and town centre traders as its central focus. “It is surely not fair that large out of town hypermarkets pay less per sq. ft. in rates than small town centre retailers and we would urge the Minister to close this loophole and create a level playing field. “It is also welcome that many traders will be paying twenty percent less when they receive their rates bills over the next few days as a result of the Small Business Rate Relief Scheme. We want this scheme to be protected and built upon in forthcoming years. Roberts added, “While we still have much to do in getting rates right for local traders, the Executive has made considerable progress extending the Small Business Rate Relief and Empty Premises Relief Schemes. The key challenge is building on that progress.” For full information business owners should visit www.reval2015ni.gov.uk

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