Support for businesses that pay business rates
The Government is introducing a business rates holiday for retail, hospitality and leisure businesses in England for the 2020-21 tax year.
Businesses that received the retail discount in the 2019-20 tax year will be rebilled by their local authority as soon as possible.
You are eligible for the business rates holiday if your business is based in England and your business is in the retail, hospitality and/or leisure sector.
Properties that will benefit from the relief will be occupied premises that are wholly or mainly being used:
- retail shops (note the recent extension to all retail outlets);
- places for assembly and leisure;
- hotels, guest & boarding premises and self-catering accommodation.
There is no action that you need to take. The relief 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.
More information can be found here in this link
The information that we have provided is for general purposes only and therefore does not constitute professional advice. Appropriate professional advice should be sought for individual circumstances before any further action is taken.