Local authorities may write off €290m

Local authorities could be forced to write-off up to €290 million in commercial rates as businesses struggle to pay the tax.

20th November, 2010

Local authorities could be forced to write-off up to €290 million in commercial rates as businesses struggle to pay the tax. City and county councils nationwide have doubled their estimates for irrecoverable rates for this year, according to the body representing city and county managers.

The accumulated arrears nationally could be as high as 22 per cent of the €1.3 billion income that councils had anticipated from commercial rates this year.

Last month, Dun Laoghaire Rathdown...

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