Retail Relief / Discount
As a result of COVID-19, retail relief/discount has been expanded to support businesses.
Retail relief/discount is available for certain types of eligible business/premises. In England, all eligible businesses in the Retail, Hospitality and Leisure sectors have been given a further three months exemption from their business rates bills for the period 1 April – 30 June 2021.
In addition to this, bills for these sectors will be discounted by 66% for the remaining nine months of the year (1 July 2021 – 31 March 2022) – capped at £2m for those who were required to close on 5 January 2021 or £105,000 for those who remained open. Applications must be made to secure the 66% relief and confirmation of relief received up to the cap may be required. Businesses can choose to opt out of relief entirely.
The Welsh Government have extended the Retail, Hospitality and Leisure Relief scheme for 2021/22. Businesses in these sectors with a rateable value up to £500,000 will not have to pay business rates for the 2021/22 financial year (1 April 2021 – 31 March 2022).
What you’ll get
If you’re eligible, you could get:
- 100% off your business rates bills for the 2020 to 2021 tax year (1 April 2020 to 31 March 2021)
- 100% off your business rates bills for the first 3 months of the 2021 to 2022 tax year (1 April 2021 to 30 June 2021)
- 66% off your business rates bills for the rest of the 2021 to 2022 tax year (1 July 2021 to 31 March 2022) – up to a total value of £2 million