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Chamber of Commerce's plea over rates for businesses in Northern Ireland

By Michael McHugh

Published 02/02/2016

Stephen McCully
Stephen McCully

Business rates in Northern Ireland should be based on the ability to pay, the Chamber of Commerce said.

President Stephen McCully said the assessment should switch from one based on the size of the business to one more reflective of economic conditions.

He also called for greater transparency over what the business levy pays for and said it should be linked to the level and quality of public services.

The Chamber responded to the Department of Finance and Personnel's review of Northern Ireland's non-domestic rating system, which closed last week.

Mr McCully added: "The majority of NI Chamber members (78%) believe that the current rates system is in need of reform particularly to make it more reflective of economic conditions.

"Our members believe that a business rating system should be based on the ability to pay (for example on the basis of profits) as opposed to the size of business (for example on the basis of jobs)."

Belfast Telegraph

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