Changes to Small Business Rate Relief in Northern Ireland
· WOWERI
Changes have been made to the small business rate relief scheme in Northern Ireland, extending its duration until 31 March 2027.
Changes to Small Business Rate Relief in Northern Ireland
According to The Rates (Small Business Hereditament Relief) (Amendment) Regulations (Northern Ireland) 2026, published on www.legislation.gov.uk, the definition of “qualifying year” in The Rates (Small Business Hereditament Relief) Regulations (Northern Ireland) 2010 has been amended to extend the small business rate relief scheme until 31 March 2027.
Impact on Small Business
These changes will have a positive impact on small businesses in Northern Ireland, providing them with additional support and opportunities for growth.
Duration of Tax Relief
The tax relief will be in effect until 31 March 2027.
Conclusion
The changes to the small business rate relief scheme in Northern Ireland are a positive step towards supporting small businesses and their development in the region.
What to do next
Source: legislation.gov.uk