Current status: Answered by Ivan McKee on 11 November 2024
To ask the Scottish Government, further to the answer to question S6W-25972 by Tom Arthur on 18 March 2024, whether it will provide an updated table that includes figures for 2024-25, broken down by property class.
Table 1 presents the estimated gross cost of setting the Higher Property Rate equal to the Standard Multiplier in England, updated to include 2024-2025.
In England, in 2021-2022, 2022-2023 and 2023-2024, the Standard Multiplier was 51.2p, or 1.3p above the Small Business Multiplier of 49.9p.
In 2024-2025, the Standard Multiplier is 54.6p, or 4.7p above the Small Business Multiplier of 49.9p.
In Scotland, the Higher Property Rate in 2021-2022, 2022-2023 and 2023-2024 was 2.6p above the poundage, which was 49p in 2021-2022 (having been temporarily reduced from 49.8p in 2020-2021 in response to the ongoing impact of COVID-19), and 49.8p in 2022-2023, 2023-2024.
The costs therefore represent the impact of setting the Higher Property Rate at 51.2p instead of 51.6p in 2021-2022, and 51.2p instead of 52.4p in 2022-2023 and 2023-2024.
The Higher Property Rate in 2024-2025 is 6.1p above the poundage, which remains at 49.8p from 2023-2024. The costs therefore represent the impact of setting the Higher Property Rate at 54.6p instead of 55.9p.
The figures for 2023-2024 and 2024-2025 are presented after General Revaluation Transitional Relief is applied.
The figures are gross estimates and are not adjusted for any other relief. Figures are broken down by property class, a classification used by Scottish Assessors to describe the type of property, which may not necessarily accurately reflect the use of a given property.
This table is based on the valuation roll as at 1 October 2021, 1 October 2022, 1 October 2023 and 1 October 2024.
Figures from 30 March 2023 and 1 April 2023 were used to calculate General Revaluation Transitional Relief.
Figures in this table are rounded to the nearest £1,000, and may not sum due to rounding.
Table 1: Estimated gross cost of reducing the Higher Property Rate to the level of the English Standard Multiplier (£), broken down by property class.
Property class | 2021-2022 (£) | 2022-2023 (£) | 2023-2024 (£) | 2024-2025 (£) |
Shops | 3,589,000 | 10,798,000 | 8,824,000 | 9,627,000 |
Public houses and restaurants | 127,000 | 377,000 | 317,000 | 409,000 |
Offices | 2,167,000 | 6,597,000 | 6,092,000 | 7,066,000 |
Hotels | 778,000 | 2,390,000 | 2,270,000 | 2,649,000 |
Industrial subjects | 2,863,000 | 8,658,000 | 8,709,000 | 9,969,000 |
Leisure and entertainment | 600,000 | 1,814,000 | 1,873,000 | 2,206,000 |
Garages and petrol stations | 117,000 | 341,000 | 312,000 | 406,000 |
Cultural | 145,000 | 408,000 | 412,000 | 448,000 |
Sporting subjects | 36,000 | 113,000 | 98,000 | 185,000 |
Education and training | 1,918,000 | 5,707,000 | 6,229,000 | 6,988,000 |
Public service subjects | 895,000 | 2,614,000 | 2,505,000 | 3,038,000 |
Communications | 81,000 | 197,000 | 303,000 | 298,000 |
Quarries, mines, etc. | 34,000 | 94,000 | 95,000 | 121,000 |
Petrochemical | 447,000 | 1,291,000 | 1,400,000 | 1,529,000 |
Religious | 14,000 | 50,000 | 50,000 | 76,000 |
Health and medical | 714,000 | 2,097,000 | 2,120,000 | 2,364,000 |
Other | 352,000 | 1,045,000 | 1,102,000 | 1,537,000 |
Care facilities | 207,000 | 631,000 | 704,000 | 773,000 |
Advertising | 11,000 | 34,000 | 39,000 | 55,000 |
Statutory undertaking | 3,647,000 | 10,897,000 | 10,039,000 | 13,139,000 |
All | 18,743,000 | 56,152,000 | 53,493,000 | 62,883,000 |