Rates Modernisation Will Help Scottish Small Firms

The Scottish Government has launched a new consultation ahead of planned legislation designed to modernise Scotland’s non-domestic rates system. The Federation of Small Businesses (FSB) has welcomed the proposals.

Stuart Mackinnon, the FSB’s external affairs manager for Scotland, said: “Tens of thousands of local businesses receive vital rates help from the Scottish Government through the Small Business Bonus relief. Ministers are absolutely right to complement this support with administrative and legislative reforms designed to deliver a modern tax system. For example, more frequent revaluations should ensure property valuations better reflect market conditions.

“By giving extra rates support to day nurseries and firms looking to improve their premises, the Scottish Government continues to show their commitment to local economies. As Ministers press ahead with implementing the Barclay reforms, they must keep the needs of smaller firms at the front of their minds.”

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