Current status: Answered by Ivan McKee on 24 September 2024
To ask the Scottish Government what economic impact assessment it has made of restoring rates parity with England for businesses paying the Higher Property Rate.
It is not practical to estimate the behavioural response of businesses to any change in the Higher Property Rate that may arise from restoring parity with the English Standard Multiplier in order to assess the economic impact robustly.
It is however possible to assess the financial impact of changes in liability for an individual business. The median rateable value for properties liable to pay the Higher Property Rate in Scotland is £191,000. The additional gross non-domestic rates liability for a property with that rateable value in Scotland in 2024-25 is £2,483.