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Parliamentary debates and questions

S5O-00636: Murdo Fraser (Mid Scotland and Fife)

Scottish Conservative and Unionist Party

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.