Retail Relief

In response to COVID-19, at Budget 2020, the government announced that it would provide additional business rate support to some small businesses.

The Chancellor announced, as a temporary measure for 2020/21 that he would;-

  • Increase the level of the retail discount to 100% for eligible retail businesses occupying a property with a rateable value of less than £51,000;
  • Expand the retail discount to include hospitality and leisure properties, with a rateable value of less than £51,000 (such as museums, theatres, gyms and hotels);

The Chancellor then announced on 17 March 2020 further business rates support to help the most-affected firms by;

  • giving all retail, hospitality, leisure businesses & nurseries in England a 100% business rates holiday for the next 12 months

A further announcement was made on 25 March 2020 that further business rates support would be provided to affected firms by;

  • giving Employment Agencies, Estate Agents and Letting Agents, and Betting shops a 100% business rates holiday for the next 12 months

Any account that has been identified as being entitled to this relief, should by now have received a revised account. 

 

Pub Relief

The chancellor also announced at Budget 2020 that the level of pubs discount would increase to £5,000 for pubs with a rateable value less than £100,000.

Businesses that qualify for this relief, have now been issued with a revised business rates account.