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18-May-23, 20:00
The Caithness Business Index (http://www.caithness-business.co.uk) has posted the following article:
Scottish Retail Consortium Reaction To Apparent Rescinding Of Rates Parity Pledge
The Scottish Government's Finance Minister today told Parliament that Ministers remain committed to restoring parity with England on the Higher Property Business Rate but will only do so "when affordable". This appears to walk back on the commitment in the 2021 SNP manifesto (p47) and subsequent Scottish Government ‘Framework for Tax’ (p21) to restore the level playing field with England on the Higher Property Business Rate “over the course of this Parliament.” Commenting on the apparent rescinding of the timetable for restoring parity with England on the Higher Property Rate, a surtax which costs Scots firms £60 million annually, David Lonsdale, Director of the Scottish Retail Consortium, said: “This apparent retraction of the timetabled commitment to restore the level playing field with England on the Higher Property Rate surtax is incredibly frustrating and troubling, more so given lingering concerns about Scotland’s relative economic underperformance compared to the UK as a whole and the pressing need to lift private sector investment. [Read Full Article (https://caithness-business.co.uk/article/20235)]
Scottish Retail Consortium Reaction To Apparent Rescinding Of Rates Parity Pledge
The Scottish Government's Finance Minister today told Parliament that Ministers remain committed to restoring parity with England on the Higher Property Business Rate but will only do so "when affordable". This appears to walk back on the commitment in the 2021 SNP manifesto (p47) and subsequent Scottish Government ‘Framework for Tax’ (p21) to restore the level playing field with England on the Higher Property Business Rate “over the course of this Parliament.” Commenting on the apparent rescinding of the timetable for restoring parity with England on the Higher Property Rate, a surtax which costs Scots firms £60 million annually, David Lonsdale, Director of the Scottish Retail Consortium, said: “This apparent retraction of the timetabled commitment to restore the level playing field with England on the Higher Property Rate surtax is incredibly frustrating and troubling, more so given lingering concerns about Scotland’s relative economic underperformance compared to the UK as a whole and the pressing need to lift private sector investment. [Read Full Article (https://caithness-business.co.uk/article/20235)]