'Extend Small Business Rate Relief' - NIIRTA

The Northern Ireland Independent Retail Trade Association (NIIRTA) has called for the Small Business Rate Relief Scheme to be extended and enhanced.

The group made the recommendation in its submission to the Review of the Small Business Rate Relief Scheme (SBRRS),

Chief Executive Glyn Roberts said: "Currently Rates are the only taxation powers of the NI Executive. It has shown imagination and flexibility in using the Rating System to support small businesses and address the issue of empty shops and offices with the Empty Premises Relief.

"NIIRTA has always recognised that the SBRRS is not a 'silver bullet', which will solve the many problems facing the independent retail and small business sector, but was nevertheless a welcome response by the Department of Finance and Personnel in providing a practical form of assistance.

"Approximately one third of our members currently qualify for the SBRRS and we have received positive feedback from our members with many of them saving between £500-£700. Many have reinvested this saving back into their business.

"We would like to see this eligibility considerably expanded as part of any future development of the Scheme. The most common areas of reinvestment identified have been in new IT equipment, signage and staff training."

NIIRTA also called on the Department of Finance and Personnel to establish a "Town Centre Rate Relief Scheme" to provide a 25% reduction for retailers and hospitality businesses in town centres.


Related Northern Ireland News Stories
Click here for the latest headlines.

02 August 2022
'Positive Impact' Of £1.5m West Belfast Public Realm Scheme
Communities Minister Deirdre Hargey has welcomed the positive impact of a newly completed £1.5 million public realm project in the Albert Street area of West Belfast.
05 August 2022
New Belfast Bikes Docking Station At Lisnasharragh Leisure Centre
A new Belfast Bikes docking station has been installed at Lisnasharragh Leisure Centre, with more stations to be installed at Olympia Leisure Centre, Kennedy Centre and the Waterworks/Antrim Road later this month.
05 March 2014
Small Business Rates Relief To Be Evaluated
An evaluation of the Small Business Rate Relief Scheme has been announced by the Department of Finance. Finance Minister Simon Hamilton made the announcement at a meeting of Lisburn Chamber of Commerce today.
17 July 2012
Small Business Rate Relief Reviewed
Northern Ireland's Finance Minister, Sammy Wilson, has announced a review of the Small Business Rate Relief scheme in an attempt to see how well it is helping small Northern Irish firms and how much it costs. Business owners are urged to respond and let Mr Wilson know whether help could be better targeted to them.
30 April 2021
Business Coach Bernie Allen Launches Free Webinar Series
Successful businesswoman and mentor, Bernie Allen, has launched a new series of free webinars to help businesses move forward following the most challenging period enterprise has ever experienced.