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9.500 MORE BUSINESS ACROSS SCOTLAND TO BENEFIT FROM ADDITIONAL BUSINESS RATES SUPPORT

Publised date : 21 Feb 2017

9,500 more businesses across Scotland will benefit from a tailored package of additional business rates support, Finance Secretary Derek Mackay announced today.

Under existing support seven out of ten premises are expected to pay the same or less in rates next year and more than half of all premises will pay no rates at all.

The Scottish Government has already acted to cut the poundage by 3.7%, take 8,000 businesses out of the Large Business Supplement and extend the Small Business Bonus scheme so 100,000 properties – half of all business premises - benefit from 100% rates relief.

Now, the additional support package includes:

• Almost 8,500 hotels, pubs, restaurants, cafes and other accommodation will benefit from a cap on any increase to bills of 12.5%

• Support for more than 1,000 offices in Aberdeen and Aberdeenshire with increases in bills capped at 12.5%

• Relief for renewables companies, including hydro

• Confirmation of free revaluation appeals – with no fees or restrictions as in other parts of the UK

• Early Government action on the findings of the Barclay review into Business rates – due in July

• Working with any local authority to introduce a local rates relief scheme to support key sectors or localities.

For more information visit: http://news.gov.scot/…/boost-for-business-with-rates-support

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