The industry has warned the increase will cost retailers in Scotland £190 million each year, starting in April, and lead to job cuts, business investment plans being scrapped, and prices rising at the till. “Given this, we write jointly to encourage you in your Scottish Budget on 4 December to ensure that retailers in Scotland benefit from temporary business rates relief. “This is a challenging time for retailers in Scotland. The sheer scale of the tax hike and short timeframe for implementation has fundamentally changed the outlook, adding £190m in extra costs onto Scotland’s retailers each year. “Providing rates relief would help smaller stores here in Scotland alleviate the UK Government’s tax hike as well as support our hard-pressed retail destinations.

Source: The Herald November 26, 2024 15:06 UTC