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269 February 2017 - Gryffe Advertizer

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@<strong>Gryffe</strong>Ads www.advertizer.co.uk february <strong>2017</strong><br />

29 29<br />

Support for Small Business<br />

Small Business Bonus Scheme exempts 100,000 properties from<br />

business rates this year.<br />

More than half of all commercial properties will pay no business rates in<br />

<strong>2017</strong>-18, Finance Secretary Derek Mackay has announced.<br />

As a result of the Small Business Bonus Scheme (SBBS) an estimated<br />

100,000 small business premises in Scotland will pay no business rates in<br />

<strong>2017</strong>-18. The SBBS has already saved small businesses over £1.2 billion<br />

since the scheme was introduced in 2008.<br />

In the Draft Budget Mr Mackay announced that the SBBS will be expanded,<br />

raising the eligibility threshold for 100% relief to a rateable value of £15,000<br />

– lifting 100,000 properties out of rates altogether, and generating a saving<br />

of up to £6,990 per property.<br />

Visiting Mad Hatter’s Coffee House in Paisley, which will now qualify for<br />

100% relief through the SBBS, Mr Mackay said:<br />

“I was pleased to set out a range of further measures in the Draft Budget to<br />

confirm a highly competitive business rates regime for Scotland in <strong>2017</strong>-18,<br />

including expanding the Small Business Bonus Scheme.<br />

“Scotland’s small businesses are fundamental drivers in securing<br />

sustainable economic growth, which is why we are doing everything we<br />

can to support them. Scotland already offers the most competitive reliefs<br />

package for small businesses in the UK, and we intend to keep our promise<br />

that Scotland will be the best place to do business anywhere in the UK.”

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