Date lodged: 25 January 2017
To ask the Scottish Government what impact the business rates revaluation will have on the tourism and hospitality sectors.
Answered by: Derek Mackay 2 February 2017
The overall business rates poundage being cut by 3.7% to 46.6p.
8,000 business properties will no longer pay the Large Business Supplement; and
The Small Business Bonus Scheme – which has already saved businesses more than £1.2 billion – will be expanded from April to lift 100,000 properties out of rates completely;
However, many thousands of premises in the sector will be amongst beneficiaries of the package of measures I have announced, which include:
As a result of the Assessors independent business rates revaluation the individual rateable value of any property in the tourism and hospitality sectors may increase, decrease or remain the same.