Hospitality businesses in Northern Ireland urged to return business rate forms

By Emma Eversham

- Last updated on GMT

Related tags: Taxation in the united kingdom

Finance Minister Simon Francis addressed attendees at an event in Coleraine earlier this week to remind businesses in Northern Ireland to return forms to revalue business rates
Finance Minister Simon Francis addressed attendees at an event in Coleraine earlier this week to remind businesses in Northern Ireland to return forms to revalue business rates
Hospitality businesses in Northern Ireland are being urged to send back their Form of Return to allow Land and Property Services to revalue business rates. 

As business rates currently reflect 2001 property prices, the Government is keen to re-assess rates to ensure they better reflect the situation today. 

Finance Minister, Simon Hamilton said: “It is imperative that business rates are re-balanced to ensure that the burden is shared and distributed fairly. In order for us to have the information to assess fair valuations, input from the business community is critical," he said. 

"I would urge those businesses that haven’t provided their rental information to do so now, time is running out - you, the business community, have been calling for a revaluation for some time now so the success of this revaluation depends on as many businesses as possible to complete the forms.”

A new valuation list will be used from April 2015 as the basis for business rate bills.

Business owners who did not receive their form by post can download the form at the website www.reval2015ni.gov.uk/forms

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