Today the Scottish Parliament voted to pass the Non-Domestic Rates (Scotland) Bill. This will see a switch to a three yearly revaluation cycle and an improved business rates system.
Andrew McRae, FSB’s Scottish Policy Chair, said:
“In 2016, the First Minister announced the Barclay review of business rates at FSB’s conference in Glasgow. Almost four years later, many of Barclay’s recommendations are on the statute book – and the business rates system is in better shape as a result.”
On the introduction of more frequent revaluations Andrew McRae said:
“For over a decade, small businesses have been campaigning for a rates system that facilitates business growth. Moving to a three yearly revaluation cycle will help to achieve this aspiration with businesses’ bills potentially better reflecting economic conditions.
“However, FSB would urge Ministers and MSPs to keep a close eye on the Assessors – especially in the lead up to the next revaluation.”
On changes to the appeals system:
“At the moment, the appeals system is hamstrung by the high volume of speculative appeals – including those submitted by the public sector. The Bill should see the system become more effective, however this must not be achieved by the introduction of a fee structure that prices out local businesses.”
ENDS
Notes to editor
- FSB’s reaction to the vote on Stage 3 amendments can be found here: https://www.fsb.org.uk/resources-page/fsb-welcomes-holyrood-business-rates-vote.html
- As experts in business, FSB offers members a wide range of vital business services, including advice, financial expertise, support and a powerful voice in Government. More information is available at www.fsb.org.uk
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