Joint Letter: Proposed Levy on Out of Town Businesses

3/12/18 | Economics & Markets

Scottish Renewables has signed a joint letter from twenty-one of the country’s leading business organisations to Scottish Finance Secretary, Derek Mackay MSP, urging him to scrap the proposed new business rates levy on out of town premises.

The signatories to this letter believe business rates remain onerous and a new levy would be a further burden on top of the existing headline poundage rate, large business supplement, and BID levy that many firms already pay. It would add complexity, cost and unpredictability into the rates system, and undermine commercial investment – standing at odds with the thrust of the broader Barclay rates reform agenda which is about ensuring competitiveness and minimising complexity

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