The Scottish Finance Secretary, Derek Mackay, yesterday took the opportunity during his Budget Statement at Holyrood to verbally confirm they would not progress with the proposed new business rates levy on “out of town ratepayers”. In a subsequent letter from the Deputy Finance Minister yesterday evening she confirmed:
“… after listening to feedback from stakeholders, I can confirm today that we have decided not to take forward the Barclay recommendation to introduce an out-of-town levy in the forthcoming Non-Domestic Rates (Scotland) Bill.”
This is tremendous news and a very positive reflection of the HTA's efforts both individually and working alongside the Scottish Retail Consortium in opposing this proposed new tax which could of severely impacted on Scottish retailers. We will of course remain vigilant and update members of any changes.
Contact Sally Cullimore, Policy Executive for further information. email: email@example.com