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SCC co-signs letter calling for business rate surtax rethink

Sixteen leading business representative groups have jointly written to the Scottish Government’s Deputy First Minister & Finance Secretary, Shona Robison MSP, to voice alarm at the Scottish Government’s consideration of a new business rate surtax and what it means for wider tax policy towards commerce.

The sixteen organisations represent a broad cross section of Scottish industry and commerce.

The collective call comes ahead of the expected Stage 1 debate and vote on the Scottish Budget at Holyrood later this week.

Dr Liz Cameron CBE, Chief Executive of the Scottish Chambers of Commerce said:

“Retailers are alarmed to see that the Scottish Budget had an unwelcome surprise for them, a business rate surtax, which could undermine their efforts to keep prices affordable for consumers during a cost-of-living crisis and a period of high inflation.

“The New Deal for Business committed to involving businesses at the inception of policy development, but no one was consulted on the introduction of such a surtax, which has caused dismay among the business community.

“The Scottish Government must urgently reconsider this move, to restore confidence in both the New Deal for Business and provide assurance that business growth remains the priority.”

The full letter can be found here:

https://lnkd.in/ePMWYpBs

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