Business Rates - Retail Rate Relief
Business Rates - Retail Rate Relief
Retail Relief
Since 2019/20 the government has provided a Business Rates Retail Discount for retail properties which for 2020/21 it expanded to include the leisure and hospitality sectors. On 3 March 2021 the government confirmed that the Expanded Retail Discount would continue to apply in 2021/22 at 100% for three months, from 1 April 2021 to 30 June 2021, and at 66% for the remaining period, from 1 July 2021 to 31 March 2022. The government confirmed that there would be no cash cap on the relief received for the period from 1 April 2021 to 30 June 2021. From 1 July 2021, relief will be capped at £105,000 per business, or £2 million per business where the business is in occupation of a property that was required, or would have been required, to close, based on the law and guidance applicable on 5 January 2021
The Government has issued guidance on the operation of the scheme which can be found at: https://www.gov.uk/government/publications/business-rates-retail-discount-guidance
This relief will be delivered through local authority discretionary local discounts.
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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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