Business Rate Retail Relief discount

Business rates relief

2019/20 and 2020/21

The government announced in the budget on 29 October 2018 that it will provide a business rates retail discount scheme for occupied retail properties with a rateable value of less than £51,000 in each of the years 2019/20 and 2020/21.

The value of the discount will be one third of the bill for 2019/20 and 50% of the bill for 2020/21. However, in response to covid-19, in the budget speech on 11 March 2020, the government announced that it would increase the discount to 100% for 2020/21 and extend it to include the leisure and hospitality sectors. The £51,000 RV limit has also been removed for 2020/21.

Relief will be awarded to certain occupied retail properties that are wholly or mainly being used as shops, restaurants, cafes and drinking establishments in each of the years. You must be using the property for retail use and open to visiting members of the public.  

Leisure and hospitality businesses will include cinemas, museums, theatres, gyms, hotels and holiday homes, music venues, nightclubs and sports grounds and clubs.

2021/22

At the budget on 3 March 2021, the Chancellor announced that the Government would extend the 100% rate relief to retail, hospitality, leisure and nursery businesses for a further 3 months to 30 June 2021. From 1 July 2021 to 31 March 2022, the relief will reduce to 66% with a cash cap of £2 million for businesses that were required to close as at 5 January 2021 and up to £105,000 for businesses permitted to open at that date.

2022/23

At the budget on 27 October 2021, the Chancellor announced a new retail, hospitality and leisure rate relief scheme for 2022/23. This new scheme will provide eligible properties with 50% relief, up to a cash cap of £110,000 per business. 

Businesses should contact the business rates team if they wish to opt out of this support.