Dublin City Council to reduce commercial rates

Dublin City Council has reduced commercial rates for 2013 by 0.5pc and now other local authorities must follow suit, according to Dublin Chamber of Commerce.

“The current revaluation of commercial properties that is taking place in the Dublin City Council area could lead to an increase in the rates bill for some businesses from 2014 onwards so any reduction in advance of this is positive,” said Chamber chief executive Gina Quin.

“The remaining three Dublin county councils will vote on their 2013 budgets in the next three weeks and be put to the test as to how supportive they really are of commerce.”

In the past four years, commercial rates have been reduced by 5pc in the Dublin City Council area.