AQW 10754/11-15 Mr Conall McDevitt Social Democratic and Labour Party South Belfast
Tabled Date: 23/04/2012 Answered On Date: 30/04/2012 Priority Written: Yes
Question: To ask the Minister of Finance and Personnel, pursuant to AQW 10413/11-15, to where the revenue generated from the two percent transaction fee on the payment of rates bills goes, given that the processing costs to the Land and Property Services (LPS) is only £1.30 and he has stated that the LPS does not make a profit.
Answer:
The 2% transaction fee is paid directly to the LPS payment service provider at the point of payment. The 2% fee is not paid to LPS.
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