The Scottish Chambers of Commerce claims that the latest five-yearly revaluation of properties increased the total rates paid by Scottish businesses by £150 million annually. Some firms faced rates increases of 200% from April.
John Swinney has rejected calls for the Government to cushion the effect of increases in business rates, claiming that the recent revaluation of properties had reduced the tax burden for small and medium-sized firms.
The Scottish Chambers of Commerce claims that the latest five-yearly revaluation of properties increased the total rates paid by Scottish businesses by £150 million annually. Some firms faced rates increases of 200% from April.