AQW 2714/22-27 Written question to the Minister of Finance
To ask the Minister of Finance whether his Department plans to extend the current rates holiday for small businesses.
Asked by Peter McReynolds MLA on 3 August 2022
- Answered
- Written
- Tabled
- 3 August 2022
- Answer due by
- 18 August 2022
- Answered
- 8 August 20225 days after tabling
- Department
- Department of Finance
- Priority question
- No
Answer
There are no plans to extend the rates holiday for small businesses given that it is not possible to bring forward any additional or extended rates support in the absence of an Executive.
However, I have extended the Small Business Rate Relief scheme into the 2022/23 rating year, which will directly benefit 29,000 small businesses, and I have frozen the regional rate for business ratepayers for the second year in a row. This is in addition to the £50 million of support delivered through the rates holiday period for this year.