Question to the Minister of Finance

Minister's Answer

On 29 January 2026, I outlined my decision to stop further work on the Reval2026 process. In my meeting with the hospitality sector on 29 January, I advised that I was looking forward to engaging with the hospitality sector and other sectors on any proposals that would be brought forward. My immediate focus over the past few weeks has been on advancing the legislation required to facilitate the annual billing exercise for the rating system. Alongside that, I am focused on progressing the draft multi-year Budget, following the close of that consultation earlier this month. As I outlined in the regional rates debate in the House on 10 March, rates bills will issue this year that are based on rateable values in the current valuation list, creating certainty for businesses in respect of their 2026-27 rates bills. I will address the next steps for Reval2026 in due course.