Expanded retail discount
In 2021, the Government announced the introduction of a new business rates relief scheme for retail, hospitality and leisure properties.
The discount must be applied for and will provide eligible, occupied, retail, hospitality and leisure properties with a 50% relief, up to a cash cap limit of £110,000 per business
A further relief scheme is available to eligible ratepayers for the period 1st July 2021 to 31st March 2021, which is a 66% discount.
This discount must be applied for and there is a cash cap (or limit on the amount you can receive) to this relief as follows:
- £105,000 per business that was permitted to remain open as of 5th January, in accordance with the coronavirus rules
- £2 million per business that was required to close