Thursday, January 27, 2022

Tag: Derek Mackay

Business rates staying down, as Holyrood listen to status quo

Coinslot - Holyrood Business Rates
As industry gears up for Scottish Tourism Week, Holyrood has made further concessions to its business rate reliefs in the wake of widespread concern, extending provision to even more in the leisure and hospitality sectors.   Scottish Culture Secretary, Fiona Hyslop, has announced that a 12.5 percent rate rise cap for business rates in the country, previously rather limited, was to...

Scotland’s finance secretary announces business rates cap

Coinslot - Secretary Scotland Finance
Scotland’s finance secretary has moved to calm concerns over sharp business rate rises by capping increases at 12.5 percent for 8,500 hospitality firms, but some believe this to be but a temporary fix for a deeper issue.   The Scottish finance secretary has backtracked over raising business rates and announced a 12.5 percent cap on rate increases for 8,500 hospitality firms. The...