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Business Rates (England)

This blog has been updated on 6 April 2020: see https://crozierjones.co.uk/blogs/business-rates-england/

Businesses that currently pay little or no business rates

This is what the Government has to say.

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), rural rate relief (RRR) and tapered relief. This will provide a one-off grant of £10,000 to eligible businesses to help meet their ongoing business costs.

Eligibility

You are eligible if:

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

How to access the scheme

You do not need to do anything. Your local authority will write to you if you are eligible for this grant.

Guidance for local authorities on the scheme will be provided shortly.

Any enquiries on eligibility for, or provision of, the reliefs and grants should be directed to the relevant local authority.

Find your local authority

 

As the scheme is automatic and dealt with by the local authority, all you can do for now is review your latest rate bill to establish the relevant rateable value of your property and see if you are currently in receipt of Small Business Rate Relief. You can also find details of your current rates here: https://www.gov.uk/correct-your-business-rates.

If you are in any doubt as to your eligibility please get in touch.

 

Retail, hospitality and leisure businesses (1) the rates holiday

This is what the Government has to say.

We will introduce a business rates holiday for retail, hospitality and leisure businesses in England for the 2020 to 2021 tax year.

Businesses that received the retail discount in the 2019 to 2020 tax year will be rebilled by their local authority as soon as possible.

Eligibility

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

Properties that will benefit from the relief will be occupied hereditaments that are wholly or mainly being used:

  • as shops, restaurants, cafes, drinking establishments, cinemas and live music venues
  • for assembly and leisure
  • as hotels, guest & boarding premises and self-catering accommodation

How to access the scheme

There is no action for you. This will apply to your next council tax bill in April 2020. However, local authorities may have to reissue your bill automatically to exclude the business rate charge. They will do this as soon as possible.

You can estimate the business rate charge you will no longer have to pay this year using the business rates calculator.

Further guidance for local authorities is available in the expanded retail discount guidance.

 

As the scheme is automatic and dealt with by the local authority, all you can do for now is review your latest rate bill to establish the description and relevant rateable value of your property. You can also find details of your current rates here: https://www.gov.uk/correct-your-business-rates.

If you are in any doubt as to your eligibility, please get in touch.

 

Retail, hospitality and leisure businesses (2) the cash grant

This is what the Government has to say.

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.

Eligibility

You are eligible for the grant if:

  • your business is based in England
  • your business is in the retail, hospitality and/or leisure sector

Properties that will benefit from the relief will be occupied hereditaments that are wholly or mainly being used:

  • as shops, restaurants, cafes, drinking establishments, cinemas and live music venues
  • for assembly and leisure
  • as hotels, guest and boarding premises and self-catering accommodation

How to access the scheme

You do not need to do anything. Your local authority will write to you if you are eligible for this grant.

Guidance for local authorities on the scheme will be provided shortly.

Any enquiries on eligibility for, or provision of, the reliefs and grants should be directed to the relevant local authority.

Find your local authority.

 

At the moment, we assume that the £10,000 grant for businesses with a rateable value below £15,000 is the same as the small business rate relief grant and not additional.

As the scheme is automatic and dealt with by the local authority, all you can do for now is review your latest rate bill to establish the description and relevant rateable value of your property. You can also find details of your current rates here: https://www.gov.uk/correct-your-business-rates.

If you are in any doubt as to your eligibility, please get in touch.

 

Additional Help for Business

The Government’s full Covid 19 Support for Business guidance is here:

https://www.gov.uk/government/publications/guidance-to-employers-and-businesses-about-covid-19/covid-19-support-for-businesses

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