Business Rates announcements
The Government have announced additional national Business Rates measures that will apply from 1 April 2020.
Retail discount
The 100% Expanded Retail Discount available to retail, hospitality and leisure properties from 1 April 2020 has now been extended for eligible properties as follows:
- 100% for the period 1st April 2021 to 30th June 2021; followed by
- 66% for the period 1st July 2021 to 31st March 2022, with a maximum discount of:
- £2 million for business that were required to close on 5th January 2021; or
- £105,000 for business that were permitted to remain open at 5th January 2021.
View more information about the retail discount scheme.
Nursery discount
The 100% Nursery Discount available from 1 April 2020 for properties occupied by providers on Ofsted's Early Years Register for the provision of the Early Years Foundation Stage has been extended as follows:
- 100% for the period 1st April 2021 to 30th June 2021; followed by
- 66% for the period 1st July 2021 to 31st March 2022, up to a maximum of £105,000.
View more information about the nursery discount.
Local Newspaper relief
Offices occupied by Local Newspapers will receive an annual £1,500 discount for five years from 1 April 2020 until 31 March 2025.