Business rate reliefs
Business rates retail discount scheme
Thanks to a new government scheme local retailers could receive a third off their business rates for the financial year 2019-20 and 50% off for this financial year (2020-21). Your retail discount will show on your business rates demand notice for 2020-2021. From 1 April 2020 independent cinemas and music venues can also qualify.
If you haven't received a letter but are a local shop, restaurant, cafe or bar operating out of a property that has a rateable value of less than £51,000 a year, you may be eligible for the discount too. The government has also issued guidance on the operation of the scheme.
Claim a business rates discount
If you think you qualify, please call the revenues team on 01543 308900.
Expanded retail discount
In the chancellor’s budget on 3 March 2021 it was announced that the government would provide additional business rates support for eligible retail, hospitality, leisure and nursery businesses in England occupying a qualifying property. This is an extension of the expanded retail discount scheme in 2020/2021.
The expanded retail discount will be extended for 3 months for eligible properties at 100% relief (uncapped) for the period 1 April 2021 to 30 June 2021.
Following this a further relief scheme will be determined from 1 July 2021 to 31 March 2022. The expanded retail discount will apply at 66% relief for eligible properties in the scheme, with a cash cap of £2m for businesses that were required to close as at 5 January 2021, and up to £105,000 for business permitted to open at that date. The cash cap is per company and not per premises.
The nursery discount 2021 will also be extended for three months, at 100% (uncapped) for the period 1 April 2021 to 30 June 2021. From 1 July 2021 to 31 March 2022 the further relief scheme for the nursery discount will be 66% relief for eligible properties, with a cash cap of £105,000. The cash cap is per company and not per premises.
We will identify businesses that we believe will qualify for this discount according to our records to date and send a revised bill in due course.
For the expanded retail discount 2021/22 and nursery discount 2021/22, businesses may choose to opt out of per eligible property. Email us if you wish to refuse this discount.
The government has issued guidance on the operation of the schemes:
- Business rates: expanded retail discount 2021 to 2022 - local authority guidance at GOV.UK
- Business rates: nursery (childcare) discount 2021 to 2022 - local authority guidance at GOV.UK
This relief will be delivered through local authority discretionary discount powers (under section 47(3) of the Local Government Finance Act 1988).