Question reference: S5W-27628
- Asked by: Andy Wightman, MSP for Lothian, Scottish Green Party
- Date lodged: 26 February 2020
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Current status: Answered by Ben Macpherson on 10 March 2020
Question
To ask the Scottish Government how it has used or will use the £4.7 million it received from local authorities under the Business Rates Incentivisation Scheme in 2017-18.
Answer
Under the terms of the Business Rates Incentivisation Scheme local authorities that exceed their non-domestic rate income target retain 50 per cent of that additional income, the remaining 50 per cent is accounted for in the balance of the Non Domestic Rating Account which is then reflected in the amount available to be distributed back to local authorities as part of the future annual local government finance settlements.