These changes to the Non-Domestic Rate will come into effect on 1 April 2023.
Poundage:
For 2023/24 are:
| Rateable Value | Poundage |
|---|---|
up to £51,000 | 49.8 pence (basic property rate) |
£51,001 to £100,000 | 51.1 pence (including intermediate property rate of 1.3 pence) |
£100,001 and above | 52.4 pence (including higher property rate of 2.6 pence) |
A Revaluation Transitional Relief will be introduced to cap increases in rates liabilities due to revaluation. The caps (in cash terms) in 2023-24 will be 12.5% for small properties, 25% for medium-sized properties and 37.5% for large properties, rising in subsequent years. Further detail is set out in the table below.
Year-on-year Scottish 2023 Revaluation Transitional Relief caps (%)
| Rateable Value | 2023-24 | 2024-25 | 2025-26 |
|---|---|---|---|
Small (up to £20,000) | 12.5 | 25 | 37.5 |
Medium (£20,001 to £100,000) | 25 | 50 | 75 |
Large (Over £100,000) | 37.5 | 75 | 112.5 |
Small Business Bonus Scheme relief will be reformed. 100% SBBS relief will continue to be available for properties with a rateable value up to £12,000. The table below shows the level of relief is calculated.
| Rateable value range (for ratepayers with a single non-domestic entry in valuation roll) | Percentage of rate relief |
|---|---|
£12,000 or less | 100% |
£12,001 to £15,000 | Relief taper from 100% to 25% |
£15,001 to £20,000 | Relief taper from 25% to 0% |
Click here to see a table of % relief based on Rateable Value. To estimate what your bill may be, click to download our estimator tool. The password is FIFECOUNCIL.
The cumulative rules including the RV threshold of £35,000 will remain. If you have more than one non-domestic property in Scotland the level of relief is shown below
| Cumulative rateable value range (multiple entries in valuation roll) | Percentage of rate relief |
|---|---|
£12,000 or less | 100% |
£12,001 to £35,000 | 25% on each individual property with a rateable value of £15,000 or less For individual properties with rateable value £15,001 to £20,000, a tapered relief percentage from 25% to 0% |
Click here to see a table of % relief based on the taper for cumulative properties.
Car parks, car spaces, advertisements and betting shops will be excluded from eligibility for SBBS from 1 April 2023.
A Small Business Transitional Relief will be introduced for those losing or seeing a reduction in Small Business Bonus Scheme Relief or Rural Rates Relief (including due to SBBS exclusions) on 1 April 2023. The maximum increase in the rates liability relative to 31 March 2023 will be capped at £600 in 2023-24, rising to £1,200 in 2024-25 and £1,800 in 2025-26.
· Prescribed plant and machinery used for onsite renewable energy generation and storage will be exempt from rating from 1 April 2023 to 31 March 2025.
· Properties in receipt of Business Growth Accelerator relief on 31 March 2023 will continue to be eligible for an equivalent percentage of relief on the new rateable value for the remaining duration of the relief.
· Properties in receipt of Fresh Start relief on 31 March 2023 will continue to receive relief for the remaining duration of the relief, regardless of whether the new rateable value is above the qualifying threshold. From 1 April 2023, the rateable value to which properties qualify for Fresh Start relief will increase from £95,000 to £100,000.
· Empty Property Relief will be devolved to local authorities on 1 April 2023 with a concurrent transfer to local government. The existing reliefs will remain in place for 2023/24 with reviews taking place prior to 2024/25. Click here for more details.
For more information regarding the Budget please visit www.gov.scot/budget/
