Charities warn over consultation to end NI Rates Bill ExemptionFebruary 19, 2016
Rates are property taxes paid by householders and businesses, however premises occupied by a charity and used for charitable purposes are usually exempt from paying rates in Northern Ireland. Charities are now concerned that an official consultation has questioned whether or not that exemption should come to an end and if Northern Irish charities should contribute something towards rates. The implications for the end of this exemption could cost the charity sector upwards of £5m.
Charities should note that the consultation has now closed and no decisions are expected until after the Northern Ireland Assembly elections in May.