Business Rates - Retail Rate Relief
Business Rates - Retail Rate Relief
Retail Relief
Retail Rate Relief was introduced by the government in 2019/20 for occupied retail properties. The relief was expanded to include the leisure and hospitality sectors on 2020/21.
The amount of relief available for each financial year is details below:
Year | Period | % Relief | RV limit |
2019/20 | 1 April 2019 to 31 March 2020 | 33% | 51,000 |
2020/21 | 1 April 2020 to 31 March 2021 | 100% | no limit |
2021/22 | 1 April 2021 to 30 June 2021 | 100% | no limit |
2021/22 | 1 July 2021 to 31 March 2022 | 66% | no limit |
2022/23 | 1 April 2022 to 31 March 2023 | 50% | no limit |
2023/24 | 1 April 2023 to 31 March 2024 | 75% | no limit |
The government has issued guidance on the operation of the scheme which can be found at: Business Rates Relief: 2023/24 Retail, Hospitality and Leisure Scheme - GOV.UK (www.gov.uk)
This relief is subject to cash caps and Minimal Financial Assistance limits under the Subsidy Control Act. This means no recipient can receive over £315,000 over a three year period (consisting of the current financial year and the two previous financial years).
Further details of the cash cap and subsidy control can be found at: https://www.gov.uk/government/publications/business-rates-relief-202324-retail-hospitality-and-leisure-scheme-local-authority-guidance.
This relief will be delivered through local authority discretionary local discounts.
Related Pages
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Where organisations apply for relief they will be granted (or not granted) relief or reductions in line with the following policy. Discretionary Non-Domestic Rate Relief information
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