Summary
Many pubs and restaurants in Northern Ireland are concerned about rising property tax rates. These businesses face increased costs due to updated property valuations and the removal of temporary COVID-19 tax allowances. Higher rates could lead to more expensive prices for customers.
Key Facts
- Pubs and restaurants in Northern Ireland are facing higher rates bills from April 1, following a new valuation list.
- The valuation exercise, called Reval 2026, led to an 85% increase for hotels and a 47% rise for pubs.
- Rates are a type of annual property tax that helps fund public services.
- Businesses like the Harbour View Hotel and Galgorm resort have expressed concerns about managing these costs.
- The removal of temporary COVID-related tax allowances has increased the financial burden.
- Some businesses expect to increase prices for customers to cover these additional expenses.
- First Minister Michelle O'Neill acknowledged the challenging situation for many in the hospitality sector.
