Commercial Rates Loophole Could Cost Councils Millions– Cllr Paul Donnelly
Dublin West Sinn Féin representative Cllr Paul Donnelly has expressed his shock at the confirmation of a potential loss in rates revenues due to the failure by the valuation office to issue certificates of rates valuations on commercial properties.
Speaking before tomorrow's meeting of Fingal County Council, Cllr Donnelly said,
“Commercial rates are only set following a site visit by the valuation office and issuing of a valuation certificate to the local authority. At present, there is an unacceptable delay in site visits and the issuing of certificates with no provision of the retrospective collection of rates.
"Fingal County Council have the highest amount of new commercial properties in the state with 80 new commercial buildings that have not had a rates valuation certificate and therefore are currently enjoying a rate free status
"Council Officials have indicated that this is costing Fingal Council hundreds of thousands of Euro in lost revenue. This is replicated across the state and is costing millions in lost revenue which should go to local services.
"I will be working with my colleagues Eoin O’Broin TD and Pearse Doherty TD to close this loophole and to ensure the valuations office have the resources to fully collect the due rates."