- HELP [Access key 0]
- ACCESSIBILITY [Access key 1]
- HOME PAGE [Access key 2]
- SKIP TO MAIN CONTENT [Access key 3]
- CONTACT US [Access key 4]
Call us on: 0141 208 2299
Sunday, 5th September 2010You are in: Home > News > Bonus Scheme Predicted To Save Scottish Businesses £165Million
Bonus Scheme Predicted To Save Scottish Businesses £165Million
The Small Business Bonus Scheme will save Scottish businesses up to £165 million a year according to Cabinet Secretary for Finance & Sustainable Growth, John Swinney.
The Scottish Government claimed that the Scheme which came into force on 1 April is expected to result in savings of up to £75 million in its first year - rising to the £165 million when the full discounts come into force in future years.
The Cabinet Secretary said:
"This government is delivering a lower taxed, more competitive business environment for small businesses the length and breadth of Scotland.
"At a time when businesses face the challenge of rising costs in areas like fuel, this government is acting to reduce the burden of taxation they face.
Andy Willox, OBE, Federation of Small Businesses Scotland Policy Convener said:
"FSB Scotland has campaigned for a long time for an extension to Small Business Rates Relief and we are delighted that the Scottish Government has responded to us and moved quickly to implement a key manifesto commitment that will have a significant impact on the cashflow of tens of thousands of small businesses.
"The Small Business Bonus is five times more generous than the rates relief available to small businesses south of the border, and this competitive advantage has made Scotland one of the most attractive places to start up or grow a business in the UK. Small firms in Scotland account for 53 per cent of all private sector employment so this groundbreaking initiative will have a positive effect upon huge swathes of the population.
"Over half of Scotland's business community will be eligible to benefit from the Small Business Bonus and we are urging all of our members to make sure they apply for the rates relief they deserve.
"In addition, we're asking all small businesses in receipt of this bonus to consider how they use these savings to boost their business and grow the Scottish economy. The Scottish Government has given the business community a welcome boost, and it's now up to us to help deliver stronger economic growth."
We're on hand and here to help in a time of crisis.
Call us now on 0141 208 2299 or 07717 326 919
You can also email us at panic@fan-hitter.co.uk