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IBEC calls for 10% rebate on commercial rates for Irish retailers from cash-strapped local authorities

Finfacts Team Finfacts 09.02.2010 09:24

IBEC calls for 10% rebate on commercial rates for Irish retailers from cash-strapped local authorities - Ireland - retailers - commercial property

Retail Ireland, the IBEC group that represents the Irish retail sector, today urged that this year all local authorities give retailers a 10% rebate on commercial rates bill, given the very serious challenges the sector is facing. However, there is no proposal as to how the cut will be funded by the cash-strapped local authorities.

The Irish Examiner reports today that local authorities have been told to crack down on defaulters as figures show more than €500 million is owed in development levies, rent and rates arrears and unpaid refuse charges. The country’s largest local authority has arrears totalling €231m, including €73m owed by businesses in rates. Included in this is a staggering €16m owed to Dublin City Council in refuse charges with approximately 9,500 customers in"serious arrears" (in excess of one year).

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