The Government announced in the 2018 Budget that they will introduce 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 & 2020/2021 financial years only.
It is the Council’s intention to implement this Scheme without the need for relevant businesses to apply and annual bills for the 2019/2020 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.
The Council will do its 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 2019 and it is not included on their business rates bill, they should contact the Council at firstname.lastname@example.org explaining why they believe they should be eligible.
State Aid Rules apply to the awarding of this Discount and 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.