Non-Domestic Rates (Coronavirus) (Scotland) Bill
Overview
Non-domestic rates, also known as Business Rates, are a form of property tax which help pay for local council services. The amount of tax that is paid is based on the ‘rateable value’ of the property. The ‘rateable value’ of a property is based on comparable rental values a few years before the valuation is taking place. Rateable values are reviewed every few years at a ‘revaluation’. The next revaluation will take place in 2023 and will be based on rental values in 2022.
The Bill states that any potential effect of coronavirus cannot be considered when calculating a property’s ‘net annual value’ and/or ‘rateable value’, in the current valuation roll (created in 2017). The ‘net annual value’ of a property is based on how much a person would pay in rent for the property per year. The Bill states that this covers any matters arising from coronavirus from 2 April 2020 onwards.
Non-Domestic Rates (Coronavirus) (Scotland) Bill as introduced (251KB, pdf) posted 14 December 2021
The Bill was passed on 21 June 2022 and became an Act on 28 July 2022
Contents
Bill becomes an Act
If the Bill is passed, it can receive Royal Assent and become an Act.
The Bill was passed on 21 June 2022 and became an Act on 28 July 2022