Reliefs and reductions

2. Coronavirus: business rates reduction

All businesses in the retail, hospitality and leisure sectors have been given a business rates reduction. For the financial year 2020/21, there was a business rates holiday for 12 months from April 2020 and this discount, which is uncapped, was  extended for a further three months to the end of June 2021.  From July 2021, the relief was reduced to 66% for nine months until the end of March 2022, with a cash cap of £2m 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.

Nurseries (non-local authority providers of childcare) are also eligible for the same level of business rates reduction, uncapped from 1 April 2021 to 30 June 2021 and with a cash cap of £105,000 from 1 July 2021 to 31 March 2022..

At the Budget on 27 October 2021, the Chancellor announced the introduction of a new business rates relief scheme for retail, hospitality and leisure properties worth almost £1.7 billion in 2022/23.  The 2022/23 Retail, Hospitality and Leisure Business Rates Relief scheme will provide eligible, occupied, retail, hospitality and leisure properties with a 50% relief, up to a cash cap limit of £110,000 per business.

It is the responsibility of each business to contact us immediately if they believe they do not qualify or wish to refuse the relief, so that it can be cancelled and a revised bill issued accordingly.

Read further guidance on business rates: expanded retail discount