Barclay review into business rates is a step in the right direction for Scotland

Published on: 24th August 2017

In a report that has been keenly anticipated by the business rates sector, the Barclay review group published their Scottish business rates review earlier this week.

The Barclay review group was created to provide recommendations on reforming the current business rates system in Scotland. The group is chaired by Ken Barclay, former banker at the Royal Bank of Scotland and met numerous times over the past few months to compile the report.

Graham Isle, partner in our business rates team commented on the report, “This was a very welcome report for the Scottish business rates system, much like the current system in England it is in dire need of reform.

“The report has highlighted a number of key recommendations to the Scottish Government and I look forward to hearing their response. In particular, it will be interesting to hear what Secretary for Finance, Derek Mackay has to say, as he welcomed the review’s publication and remarked that the government would respond swiftly”.

“I believe that the key recommendations within in the review are the call for more frequent revaluations and a reduction in the period between valuation and implementation of the new valuations, currently this takes two years and means at the start of each rating list many property valuations are already outdated.

“There are also calls for the small business bonus scheme to be evaluated, town centres to be provided with more support by expanding fresh start relief and the large business supplement reduced.”

If you have any questions on the report or would like to find out more information, please contact Graham on 0113 221 6119.

Click here to view the full report.

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Business Rates

Sanderson Weatherall Rating specialists are RICS and IRRV qualified surveyors that can offer a comprehensive range of Rating services to clients including Rating Appeals, Rating Valuations, Rates Management and Rates Audit, together with cutting edge advice on Empty Rates mitigation. Regarded as experts in the field, all our senior staff are members of the Rating Surveyors' Association and are able to offer the very best Rates advice on the accuracy of Rating assessments and resultant Business Rates liabilities. Through our experts' memberships of the Institute of Revenues, Rating and Valuation we are also happy to assist clients who have international local property tax liabilities. We participate in the activities of both of these professional bodies at the highest level and negotiate with government on the introduction of all new non domestic rating proposals. The current 2010 Rating Revaluation took effect on 1st April 2010 and as s a result new rateable values and summary valuations were released. Sanderson Weatherall is ready and able to advising clients, old and new on the implications. Although these assessments have now been in place for just over five years, Rating appeals can still be submitted against the 2010 Rating List albeit with some new restrictions on backdating.Following the recent postponement of the planned 2015 revaluation, the 2010 list will now apply until March 2017. Please contact us for urgent Rates advice, as a well-considered appeal could make large savings in your annual Business Rates outgoings.   Contact Us

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