Business Rates

On April 1st 2008 the Small Business Bonus Scheme was introduced in Scotland to replace the Small Business Rates Relief Scheme.

The Scottish Government have introduced the new scheme in a bid to help the true “Small” business! Rates are responsible for the largest proportion of the outgoings in many small businesses and paying them damages their profit margins; more so than the larger businesses, who have a greater turnover enabling them to cover their rates easier.

The introduction of a scheme, specifically designed to keep more money in the bank of  the small business, aims to level the profit margins between small and medium size enterprises and will hopefully allow the business community to benefit as a whole?

With less money to pay out on your rates you have more money to invest in your growth or help you to sustain your business in the current economical climate!

Over the next year this scheme will progressively help those enterprises with properties where the combined ratable value is £15,000 or less.

It is delivered in three different categories and they will apply:

up to £8,000

£8,001 – £10,000 

£10,001 – £15,000

To discover more about the new scheme and to see if it applies to you, please visit:

http://www.scotland.gov.uk/Resource/Doc/212130/0056430.pdf