Highest rates since 1999

Scottish Government finance secretary Derek Mackay

BUSINESS rate poundage is now at its highest level for 20 years.

Scottish Government ministers confirmed that both the headline poundage/tax rate and the large business rates supplement have reached their highest levels since 1999/2000.

The large business rates supplement – which is applicable to more than 5,000 retailers – has risen from 41.4% to 51.6%, while the headline business rate has increased from 40.7% to 49%.

David Lonsdale, director of the Scottish Retail Consortium, said that the burden of business rates was “onerous.”