Businesses appeal rate hikes of up to 400 per cent
60 per cent of retailers stunned by higher bills; appeals process can be prohibitively costly
Around 1,200 businesses have appealed crippling hikes of up to 400 per cent in their commercial rates bills. The bills are going up due to the first national valuation programme of its kind for 160 years.
Every year, businesses pay a total of €1.5 billion in commercial rates based on these valuations. But while many hotels have seen their bills reduced in the current round of the revaluation process across ten counties, up to 60 per cent of...
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