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Retailers to question Scottish Government over supermarket levy Wednesday, 28th September 2011
Retailers are set to meet Scotland’s Cabinet Secretary for Rural Affairs Richard Lochhead today as they work to quash the proposed levy to increase business rates for large retailers of alcohol and tobacco in Scotland.
Many large retailers are expected to press the secretary over the levy which was revealed in the Scotland Budget last week.
Representatives from Asda, Sainsbury’s, Morrisons, Tesco, Marks & Spencer and The Co-op as well as the Scottish Retail Consortium, CBI Scotland, the Scottish Grocers Foundation and the Scottish Chamber of Commerce are expected to attend the meeting.
Retailers have slammed the government for its proposal to levy alcohol and tobacco-selling stores that have a retractable value of £300,000 or over, meaning the major food retailers will be most affected.
The SRC believes the tax could be imposed in just six months’ time.
The Scottish Government has estimated it will make £110m in the first three years of imposing the levy.