Coronavirus Business Rates Information

 

 

Business rates holiday for retail, hospitality and leisure businesses

The Government introduced a business rates holiday for retail, hospitality and leisure businesses in England for the 2020 to 2021 tax year.

You are eligible for the business rates holiday if:

  • your business is based in England
  • your business is in the retail, hospitality and/or leisure sector
    • shops, restaurants, cafes, drinking establishments, cinemas and live music venues
    • for assembly and leisure
    • as hotels, guest & boarding premises and self-catering accommodation

We will reissue your bill automatically to exclude the business rate charge, hopefully during April 2020 once further clarification from the Government is received.

 

Cash grants for retail, hospitality and leisure businesses

The Retail and Hospitality Grant Scheme provides businesses in the retail, hospitality and leisure sectors with a cash grant of up to £25,000 per property.

For businesses in these sectors with a rateable value of under £15,000, they will receive a grant of £10,000.

For businesses in these sectors with a rateable value of between £15,001 and £51,000, they will receive a grant of £25,000.

You are eligible for the grant if:

  • your business is based in England
  • your business is in the retail, hospitality and/or leisure sector
  • shops, restaurants, cafes, drinking establishments, cinemas and live music venues
  • for assembly and leisure
  • hotels, guest and boarding premises and self-catering accommodation

You do not need to do anything. Your local authority will write to you if you are eligible for this grant, once guidance and the funding has been received from Central Government.

 

Support for nursery businesses that pay business rates

A business rates holiday for nurseries in England for the 2020 to 2021 tax year has been granted by Central Government.

You are eligible for the business rates holiday if:

  • your business is based in England
  • Properties that will benefit from the relief will be hereditaments:
    • occupied by providers on Ofsted’s Early Years Register
    • wholly or mainly used for the provision of the Early Years Foundation Stage

There is no action for you. A revised bill will be issued during April 2020 once further guidance and funding from Central Government has been received.

 

Support for businesses that pay little or no business rates

The government will provide additional Small Business Grant Scheme funding for local authorities to support small businesses that already pay little or no business rates because of small business rate relief (SBBR).   This will provide a one-off grant of £10,000 to eligible businesses to help meet their ongoing business costs.

You are eligible if:

  • your business is based in England
  • you are a small business and already receive SBBR
  • you are a business that occupies property

You do not need to do anything. Your local authority will write to you if you are eligible for this grant once guidance has been issued by Central Government.