Question reference: S6W-11911
- Date lodged: 4 November 2022
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Current status: Answered by Tom Arthur on 18 November 2022
Question
To ask the Scottish Government, in light of the Scottish National Party manifesto commitment, what the cost would be of bringing the higher non-domestic property rate into line with that in England, broken down by industry sector.
Answer
The 2023 revaluations in Scotland and England will for the first time have different tone dates following the Scottish Government’s acceptance of the independent Barclay Review of Non-Domestic Rates’ recommendation to move to three yearly revaluations and a one-year tone date. This inevitably results in direct comparison between the two systems being less meaningful than in the past with Scottish rateable values more accurately reflecting contemporary market circumstances.
The Scottish Budget will set out non-domestic rates measures including the poundage, supplements and reliefs that will apply in 2023-24 based upon draft values which will be published for the first time on 30 November 2022 but it will only be possible to accurately calculate the impact of different tax rates and supplements on individual sectors when final rateable values are published on 1 April 2023.