THERE has been outcry from Lochaber businesses as the ‘devastating’ impact of rising businesses rates has come to light.
The levy, which will come into force on April 1, is based on the annual rent council-employed assessors estimate business premises would command on the open market and a ‘poundage’ rate set by the Scottish Government. The increases follow the first revaluation of rental values since 2010.
The Oban Times was contacted by one Lochaber hotel, who wished to remain annoymous, after finding out its businesses rates have doubled from £22,000 to £55,000.