The Scottish Government introduced this relief scheme for the 2017/18 and 2018/19 financial years, that caps Business Rates Revaluation increases to 12.5% for the following business categories;
- Bed and breakfast accommodation
- Camping site
- A caravan/ caravan site
- Chalet and holiday hut
- Guest house, hotel and hostel
- Restaurants
- Public house or nightclub (subject to certain licensing criteria)
- Renewable energy generation (small hydro schemes only)
- Self-catering holiday accommodation
- Timeshare accommodation
- Offices
A separate 50% relief is available to properties which were used for the above specified purposes and comply with both of the following conditions;
- The rateable value on 31st March 2017 was no more than £10,000
- The amount payable for rates as at 31st March 2017 was reduced to zero due to the award of reliefs
The relief is not applicable if;
- The property is shown in a split, reorganised or merged (entry taking effect after 1st April 2017)
- The property has zero rateable value or had zero rateable value on 31st March 2017
TRANSITIONAL RELIEF MUST BE APPLIED FOR ON AN ANNUAL BASIS.
Please note that under certain circumstances, you may be entitled to more than one type of relief. These include the following;
- Fresh Start relief
- Growth Accelerator relief
- Vacant Rates relief
- Small Business Bonus Scheme (SBBS)
- Charitable relief
- Discretionary relief
- Rural relief
- Disabled relief
- Renewable Energy relief
- Day Nursery relief
- Enterprise Areas relief
To discuss any of these relief opportunities in further detail, or for assistance in applying, please contact our Rating team direct via Rating2017@g-s.co.uk.
