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SINGLE RATE POUNDAGE URGED FOR SCOTLAND

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The revaluation of non-domestic rates should be accompanied by a single rate poundage for Scotland to ensure there ...
The revaluation of non-domestic rates should be accompanied by a single rate poundage for Scotland to ensure there is no significant increase in the burden on non-domestic ratepayers, according to the Scottish Council Development and Industry, reports The Herald (p9).

The SCDI is urging the Scottish Office to keep the poundage low enough to ensure that the yield of non-domestic rates taxation in Scotland does not exceed the 1994/95 yield by more than the general level of inflation.

A spokesman for the SCDI said:

'In the 1994/95 financial year, it is estimated that non-domestic ratepayers in Scotland will be paying £141m more than if the same subjects at the same valuation were located in England.'
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