AQW 8430/22-27

Ms Paula Bradshaw
Alliance Party
South Belfast

Tabled Date: 07/03/2024
Answered On Date: 11/03/2024
Priority Written: No

Question:
To ask the Minister of Finance whether she has decided to retain the existing rates cap for the entirety of the 2022-27 mandate.

Answer:

ANSWER

The existing rate cap, known as the maximum capital value cap, will be retained for the 2024/25 rating year.

Any future change to the policy would require Executive agreement. This matter was the subject of public consultation which closed on 13 February and my Department is currently reviewing the responses received on this issue to inform next steps.