Retail discount (high street relief)
Since 2019-2020 the Government has provided a Business Rates Retail Discount for retail properties. This is expanded for 2020-2021 to include the leisure and hospitality sectors.
On 3 March 2021 the Government confirmed that the Expanded Retail Discount Scheme will continue to apply in 2021-2022 at 100% for three months from 1 April 2021 to 30 June 202, and at 66% for the remaining period, from 1 July 2021 to 31 March 2022.
There will be no cash cap on the relief received for the period from 1 April 2021 to 30 June 2021.
From 1 July 2021, relief will be capped at £105,000 per business, or £2 million per business where the business occupies a property that was required, or would have been required, to close, based on the law and guidance applicable on 5 January 2021.
Any award is dependent on the ratepayer not receiving more than 200,000 euros in state aid over a rolling three year period. Find out more about state aid law.