Business Rate discounts and exemptions
Following the Chancellors announcement of 100% Relief for the Retail, Hospitality, Leisure Sectors, and for Nurseries, from 1st April 2021 – 30th June 2021 and 66% relief from 1st July 2021. The aforementioned reliefs will end on the applicable dates, and no later than 31 March 2022.
PLEASE NOTE YOU WILL RECIEVE YOUR 2021/22 DEMAND WITH FULL RELIEF. A NEW DEMAND WILL BE ISSUED PAYMENT FROM JULY WITH THE 66% REDUCTION.
At the Budget on 3 March 2021, the Chancellor announced that the Government would provide additional business rates support for eligible retail, hospitality, leisure, and nursery businesses in England occupying a qualifying property.
As temporary measure for 2021/22 he announced that:
- The Expanded Retail Discount (2020/21) will be extended for three months for eligible properties, at 100% relief, uncapped, for the period 1 April 2021 to 30 June 2021.
- From 1 July 2021 to 31 March 2022, the Expanded Retail Discount would 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 Nursery Discount 2021 would 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 Nursery Discount would apply at 66% relief for eligible properties, with a cash cap of £105,000.
- For the Expanded Retail Discount 2021/22 and Nursery Discount 2021/22, businesses may choose to opt out of support by providing billing authorities
If you are entitled to receive retail relief, please email us on [email protected]
Small Business Rates Relief
If a ratepayer’s sole or main property has a rateable value which does not exceed £15,000, the ratepayer may receive a percentage reduction in their rates bill for the property of up to a maximum of 100%.The level of reduction will depend on the rateable value of the property. For example eligible properties with a rateable value below £12,000 will receive 100% relief. Eligible properties between £12,000 and £15,000 will receive partial tapered relief.
To be eligible to receive this you must occupy a property within the rateable value bands mentioned above and only occupy one premises in England and Wales.
If you later get a second property you will still get the discount for twelve months.
After the twelve months you can still get the discount on your main property if:
- none of your other properties have a rateable value above £2,900
- the total rateable value of all your properties is less than £20,000 (£28,000 in London)
Checks are undertaken to confirm your eligibility when you apply.
Charities and registered Community Amateur Sports Clubs are entitled to 80% relief where the property is occupied by the charity or the club and is wholly or mainly used for the charitable purposes of the charity (or of that and other charities), or for the purposes of the club (or of that and other clubs).
Empty Property Rate relief
Business rates are generally payable in respect of unoccupied non-domestic property. However, they are generally not payable for the first three months that a property is empty. This is extended to six months in the case of certain industrial premises, whilst certain other properties such as vacant listed buildings are not liable for business rates until they are reoccupied.