20 March 2020
Business Rates, Industry News, SHW News
The Chancellor has recently announced, Business Rates relief measures to assist the Retail, Leisure and Hospitality sector which is 100% discount on occupied property for the period 1 April 2020 to 31 March 2021.
If a property has closed temporarily due to the governments advice on COVID-19 this will be treated as occupied for the purpose of the relief.
Local Authorities will have a degree of discretion where it is not clear if a property falls within the definition of retail property. There will be some descriptions that may need to be updated and we can advise if specific occupiers have any queries.
The Government have also announced various grants available to the Retail, Leisure and Hospitality sector as well:
Further information can be found here:
For the most up to date information on the Expanded Retail Business Rates Discount Guidance download a copy here
Occupiers should receive some further information from the council in due course, however, if they do not or they have any questions, Please contact Business Rates experts
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