Business rates review announced
The Department of Finance has announced a fresh appraisal of the fundamental features of the non-domestic rating system in Northern Ireland
The first step towards the business rates appraisal process will be an Innovation Lab process at the start of July. The Innovation Lab, undertaken alongside the other departments, will assess and respond to the significant changes that have taken place in relation to Northern Ireland high streets and town centres. The Innovation Lab event will gather leading experts in the field of urban regeneration, taxation and the high street.
How to get involved with the Innovation Lab
The Innovation Lab process will serve to guide the strategic direction of a subsequent fundamental appraisal process for the rating system conducted by the Department of Finance. The process of stakeholder engagement will see any interested parties engage with the Department of Finance’s Rating Policy Division in order to inform its policy appraisal work in this area. Any stakeholders interested in this process can register their interest now by emailing email@example.com.
The outcome of both the cross-departmental Innovation Lab and the subsequent stakeholder engagement and appraisal of rating will put the Department of Finance in the best position to provide up to date and relevant advice to any incoming Finance Minister, and to input into the direction of any future Executive’s Programme for Government.