Paisley First is leading the fight against increases in business rates by lodging appeals on behalf of its members within Paisley’s Business Improvement District.
The Scottish Assessor has published proposed rateable values for businesses on their website www.saa.gov.ukwhich will come into effect on the 1st April 2017 and be valid until 2022.Businesses have six months to appeal these new values otherwise they will be locked into them for the next five years.Paisley First will work with its members to ensure that their annual rates bill is as low as possible.
Paisley First has appointed Colliers International, who are experts in the field of business ratings to work with all its members who are facing an increase in their business rates to ensure that they are not squeezed out of business.
Reducing a business’s rateable value will mean that they do not need to pay as much in rates, and also it may bring their rateable value within the Scottish Governments Small Business Bonus Scheme whereby properties with a rateable value of up to £15,000 will not be required to pay rates, and those properties with a rateable value of £15,001 to £18,000 will receive a 25% discount.
Chairman of Paisley First, Ian Henderson stated “We will appeal on behalf of all our members who face an increase in rateable value to ensure they are not being financially penalised for operating in Paisley.We have been speaking to a number of businesses who are interested in locating to Paisley town centre, who will create new jobs and who will improve the quality of offering within our town. Keeping rates down will further assist us in attracting businesses to Paisley”.
Colliers will present to Paisley First BID members at our meeting on the 23rd of February at (UWS Bough Hall, 5.30pm), and will provide a back ground to business rates and the process that they will follow to appeal businesses who have had their rates increased.