In 2018 the Government announced a scheme whereby retail business rates premises with a rateable value below £51,000 will have their rates liability reduced by one third, after all other reliefs have been taken into consideration. The scheme will apply to the 2019/2020 and 2020/2021 financial years only.
Following a further announcement in the 2020 Budget, the scheme will provide for 100% relief for qualifying properties with a rateable value under £51,000 for 2020/2021.
The Council intends to implement this scheme without the need for relevant businesses to apply. Annual bills for the 2020/2021 financial year will, as far as we are able, have the discount applied.
Where businesses also qualify for Revaluation Relief, because this Relief cannot be applied until the rest of the bill has been calculated and the Retail Discount has to be applied after that, annual bills for these businesses will be delayed and sent as soon as possible.
We will do our best to identify all those business that qualify for Retail Discount, but it is possible that some may be missed. If any business believes that they should receive this discount after 1 April 2020 and it is not included on their business rates bill, they should contact us at email@example.com explaining why they believe they should be eligible.
State Aid Rules apply to the awarding of this discount. Further information on this, how you can decline the discount if that would breach the State Aid Rules, and the scheme in general can be found in the explanatory document below.