12 September 2017

  |  CBI Scotland

Update

CBI Scotland responds to Scottish Government statement on business rates

Hugh Aitken, CBI Scotland Director, has responded to the Scottish Government statement on business rates.

CBI Scotland responds to Scottish Government statement on business rates

Hugh Aitken, CBI Scotland Director, said:  

“The Scottish Government’s swift response to the Barclay Review is welcome, as is the intention to put in place a concrete plan for implementing recommendations before the end of 2017.

“In addition to making rates better reflect economic realities, more regular revaluations of properties and the creation of the Business Growth Accelerator, CBI Scotland has called for a separate review of plant and machinery valuations and we are pleased to see that this will be put into action.

“For the Scottish Government to truly go ‘beyond Barclay’, we would strongly urge them to give serious consideration to linking inflation increases to CPI rather than RPI. This remains an ongoing priority for many companies and would help deliver a business rates regime that really is simpler, fairer and more competitive.”