Autumn Statement announcement 27 October 2021

The Government has made a number of announcements as to how business rates will be changing:

  • As from April 2023 revaluations will be carried out every three years
  • There will be a new investment relief to encourage businesses to adopt green technologies like solar panels
  • There will be a new "business improvement relief". From 2023 a business will be able to make property improvements (that would potentially increase the rateable value) and pay no additional business rates for 12 months
  • The planned business rate multiplier increase for 2022/2023 will be cancelled
  • A 50% discount on businesses open to the public in retail, hospitality and leisure sectors will apply in 2022/23 up to a maximum of £110,000 per business (not per property)

Budget announcement 4 March 2021

The Government has announced that the 100% Expanded Retail Relief and Nursery Relief schemes will be extended three months for the period 1 April 2021 to 30 June 2021. For the period 1 July 2021 to 31 March 2022 the scheme will be changing as follows:

  • From 1 July 2021 to 31 March 2022 businesses in receipt of the Expanded Retail Relief discount will receive a 66% reduction in the amount to pay. There will be a cash cap of £2million for businesses that were required to close as at  5 January 2021 and up to £105,000 for businesses permitted to open at that date.
  • From 1 July 2021 to 31 March 2022 businesses in receipt of the Nursery discount will receive a 66% reduction in the amount to pay. There will be a cash cap of £105,000

Businesses may choose to  opt out of the relief schemes by emailing Chichester District Council at taxation@chichester.gov.uk.

Please note the annual business rate bills for 2021/22 will be issued in March 2021 with 100% relief up to 31 March 2022. Revised bills will then be issued in June 2021 to reflect the changes.