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

Once further guidance is received from the Ministry of Housing, Communities, & Local Government, the above reliefs will be awarded and revised accounts will be sent out.

Any account that has been identified as being entitled to this relief, will not have a direct debit collected on 1 April 2020.

 

Grant Funding

The Chancellor also announced on 17 March 2020 further business rates support to help the most-affected firms:

  • Scheme 1 - providing a grant of £10,000 to small businesses eligible for Small Business Rate Relief, or Rural Rate Relief.

  • Scheme 2a - providing a grant of £10,000 to retail, hospitality and leisure businesses with a rateable value up to £15,000

  • Scheme 2b - providing a grant of £25,000 to retail, hospitality and leisure businesses operating from smaller premises, with a rateable value over £15,000 and below £51,000

State aid rules apply to the above schemes, and on the application form a declaration must be made that you have not received more than €800,000 in state aid over a rolling three year period. If you have received more than €800,000 over the last three years then you are not entitled to a grant.

Any grant paid is for the business rates payer, if the recipient of the grant is not the ratepayer on 11 March 2020, we may take action to recover the amount of the grant.

Letters have been sent on Friday 27 March 2020 to businesses that qualify for a grant payment in accordance with one of the above 3 schemes. The letters have been sent to the billing address that we hold for the relevant business rates account.

Emails will also be sent out to businesses whose contact details we hold. If you have contacted us with a recent email address, then this email address will also receive details.

If you have recently submitted an e-form for your relevant grant, then you do not need to submit a further form.

Once further guidance is received from the Ministry of Housing, Communities, & Local Government in relation to the grants, a further update will be detailed here.  

It is expected that the grant payments will be made in April.

 

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.

Once further guidance is received from the Ministry of Housing, Communities, & Local Government, the pub relief will be awarded and revised accounts will be sent out.