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MSPs urged to scrap business taxes | 3 October 2012

MSPs have been urged to scrap the business tax rises planned for next year.

Members of the The Scottish Property Federation are amongst those to who have told Holyrood’s finance committee that the taxes will be a significant hurdle to economic growth.

David Melhuish, who is director of the federation, is particularly concerned about the new tax set to be introduced on vacant commercial properties.

According to bbc.co.uk, he told the committee: “The decision to hugely increase empty property rates liabilities adds significant risks to commercial development, meaning that unless a developer is able to pre-let or sell a development they are unlikely to build speculatively.”

Holyrood’s finance committee is meeting many organisations today as part of its examination of the government’s draft budget. It is the job of the committee to ensure that the budget will help boost the Scottish economy as best as it can.

Representatives from The Federation of Small Business (FSB) and The Scottish Chambers of Commerce (SCC) have also pleaded for ministers to scrap business taxes.

Dailyrecord.co.uk reports that the members of the Scottish Building Federation (SBF) have also visited Holyrood to praise plans for further investment in Scottish construction.

Finance secretary John Swinney announced the introduction of a £40 million “stimulus package” for the construction of new commercial buildings last week.

Written by Joe Elvin on behalf of Qube Global Software

While posted by Qube Global Software all views expressed are not necessarily those of the company. All facts are verified where possible directly by the author.

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