Scottish government launches consultation on bill implementing Barclay Review

Derek Mackay

The review was set up to suggest reforms to the business rates system in Scotland in order to promote business growth and long term investment.

Finance Secretary Derek Mackay has launched a consultation document which seeks views on the specific details of how legislation will work in a number of areas.

Launching the consultation, Mr Mackay said: “The launch of this consultation marks the next step in our reform of the business rates system following the Barclay review. It seeks the views of business and other stakeholders on the proposed legislative changes that we intend to bring forward to ensure we maintain a competitive advantage for Scottish ratepayers.

“I would encourage all stakeholders to engage fully with this consultation process.

“The recommendations of Barclay, alongside others in the Budget strike the right balance between offering a competitive and sustainable taxation environment while delivering sufficient resources to fund the public services which we all rely.”

He added: “In April I introduced a number of measures to underpin that competitive advantage. The growth accelerator and 100 per cent relief for new build properties until first occupied will support speculative development and encourage improvements to our building stock, while our new targeted nursery relief will support a sector that is vital to ensuring an inclusive workforce. These measures are unique in the UK and apply equally to the public, private and third sectors.

“I am confident that these measures will not only attract new investment into Scotland, but also incentivise new developments and support employment.”