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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

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.

However, many thousands of premises in the sector will be amongst beneficiaries of the package of measures I have announced, which include:

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;

8,000 business properties will no longer pay the Large Business Supplement; and

The overall business rates poundage being cut by 3.7% to 46.6p.