Business rates relief extended for Scottish pubs

By Emily Hawkins contact

- Last updated on GMT

Rates relief: Scotland have announced 100% relief on non domestic rates for the 2021/22 year
Rates relief: Scotland have announced 100% relief on non domestic rates for the 2021/22 year

Related tags: Scotland, lockdown, Glasgow, Business rates, England, Edinburgh, Property, Legislation

Full relief on business rates for the hospitality sector will be extended for another year in Scotland, Finance Secretary Kate Forbes announced today (16 February).

Forbes pledged to continue relief on non-domestic rates for an initial extra three months funded by money reimbursed by supermarkets last month (January).

Extending the measure further would require additional funding from the UK Government, she said.

However, she added: "I am now in a position to provide that certainty to business, meeting the number one ask of the business community and demonstrating our commitment to supporting the economy."

The relief will apply for properties in the retail, hospitality, leisure and aviation sectors for all of 2021-22.

"To ensure the resources are targeted at those who need it most, we are working with councils to ensure the application process will be live ahead of bills being issued," Forbes added.

Eyes on Westminster 

Pub operators in England are awaiting Chancellor Rishi Sunak's Budget on 3 March and have been calling for an extension of the business rates holiday.

The business rates holiday exempted 358,264 occupied retail, leisure and hospitality properties in England to the tune of £10.13bn according to the real estate adviser, Altus Group, and is due to end on 31 March. 

Robert Hayton, UK president of property tax at Altus Group warned: "Ending the holiday too early is one material pressure on company finances that risks affecting the recovery from the pandemic now the end is in sight.

"The Chancellor must use his upcoming Budget to ensure that viable businesses in England are adequately supported through a discerning targeted extension.”

More than 160 CEOs this week signed a letter to Sunak​, urging for the extension of measures such as the reduced VAT rate and business rates holiday beyond the spring.

Related topics: Legislation

Related news

Show more