Consultancy JLL says firms in Scotland’s three biggest cities could face tax hikes of up to 25% following the UK government’s revaluation of business rates. It comes after Scottish Finance Minister John Swinney promised to review business rates following repeated calls from business groups to create a fairer system. The rates are to be revised in 2017, based on how rents stood in 2015. Due to average rental values in Aberdeen, Edinburgh and Glasgow increasing between 2008 and 2015, JLL predicts that tax liabilities could increase by 25% in Aberdeen, 15% in Edinburgh and 10% in Glasgow.
