Finance Minister Máirtín Ó Muilleoir has today published a consultation paper on the package of measures announced on the 22nd November.

This initiates a nine week consultation period, ending on 16 February 2016.

The proposed measures include:

  • A new £22million a year Rates Investment Scheme for smaller retail and hospitality business
  • Piloting Business Empowerment Zones in two areas (Lower Newtownards and Lower Falls Roads)
  • Increasing rates on empty commercial properties
  • Charity shops to make a contribution
  • Charging the highest value homes more
  • Removing the early payment discount
  • Reducing landlord allowances
  • Student halls of residence to start paying rates
  • A 3 year rates holiday for first residents of new energy efficient homes

A link to the consultation is available on the department’s website: