Firm in call for overhaul of Scotland’s rates system

A financial and business advisory firm has that the Scottish Government to should deliver a radical overhaul of the country’s business rates system.

Grant Thornton warned that the Barclay Review, which the Scottish Government commissioned to explore changes to the system, does not go far enough.

The firm claims that a number of recommendations could ease the strain on businesses.

These include increasing the frequency of revaluations to every three years and applying a 12-month delay on rates to new builds.

Chris Smith, construction expert at Grant Thornton in Scotland, said: Companies of all sizes, and across all sectors, are waiting to hear what can be done to limit the impact of damaging rate rises.”