To ask the Scottish Executive for what reasons it has chosen the retail sector for its proposed increase in business rates.
On balance it was decided that, in light of the £1.3 billion budget cut from the UK Government, it was only fair to ask some of the largest businesses in Scotland to contribute a little more in business rates income. Increasing the rates paid by the very largest retailers, particularly those not in town centres, will also go some way to help protect small shops in our town centres which can sometimes struggle to compete.
The proposed £30 million the large retail property supplement will raise amounts to around 0.1 per cent of annual Scottish retail turnover. For those who pay it, it will increase their business rate bills from an average of around 2 per cent of their turnover to around 2.3 per cent.
Because these proposals impact on only a very small proportion, around 225, or 0.1%, out of over 215,000 non domestic properties in Scotland, it would be disproportionate to carry out a full Business and Regulatory Impact Assessment.