Publication - Research and analysis
Rates revaluation of non-domestic properties in Scotland 2017
Summary analysis of changes in the rateable value of non-domestic properties in Scotland following the 2017 revaluation.
13 page PDF
527.4 kB
13 page PDF
527.4 kB
Introduction
1. This paper presents an analysis of the changes in rateable value of non-domestic properties in Scotland following the 2017 revaluation, together with the key non-domestic rates policies taking effect for 2017-18. The table below outlines the main points.
Overview of the 2017 revaluation
| 2016-17 | 2017-18 | % increase | |
|---|---|---|---|
| Total rateable value (excluding designated utilities) | £6,215m | £6,561m | 6% |
| Total rateable value (including designated utilities) | £6,815m | £7,358m | 8% |
Key policy changes
| 2016-17 | 2017-18 | Resulting in… | |
|---|---|---|---|
| Poundage rate | 48.4p | 46.6p | Reduction in bills of over £100m per annum (before reliefs) |
| Small Business Bonus Scheme - upper threshold for 100% rates relief (total rateable value) | £10,000 | £15,000 | 100,000 properties paying no rates as a result of SBBS alone |
| Large Business Supplement - lower threshold (rateable value) | £35k | £51k | 8,000 fewer properties paying the supplement (which remains 2.6p) |
| Cap on rates increases for certain property uses, including: hotels; pubs; restaurants; hydropower up to 1 MW; offices in Aberdeen & Aberdeenshire. | - | Real-terms 12.5% cap | Up to 9,500 properties eligible for a relief package worth up to £40m |
| Mandatory rural rates relief | 50% | 100% | Up to 600 rural properties benefiting |
What this means for businesses in Scotland
- At least 50% of properties paying no rates at all in 2017-18
- Average net bills (after reliefs) reducing by 2-3% in cash terms*
- Poundage rate reduced by 3.7%
- Rates cap providing up to £40m of support to up to 9,500 properties, while all revaluation decreases take effect immediately
- At least 70% of properties see either a reduction or no change in their net bill (after reliefs) following revaluation
* Excluding designated utilities. No adjustment for inflation or valuation appeals.
Contact
Email: Business Rates General Enquiries, BusinessRatesGeneralEnquiries@gov.scot
Phone: 0300 244 4000 – Central Enquiry Unit
The Scottish Government
St Andrew's House
Regent Road
Edinburgh
EH1 3DG