Business Rates - Reductions, Exemptions and Discounts
IMPORTANT NOTICE PLEASE READ
Business Grants
Omicron Hospitality and Leisure Grant
The scheme CLOSED on 18th March 2022 and all final payments will be made and dispersed to recipients by 31 March 2022.
On 21 December 2021, Government announced the introduction of grant support for hospitality and leisure businesses in England who have been impacted by coronavirus restrictions and the rise of the Omicron variant.
One off grants up to £6,000 will be paid to hospitality, leisure and accommodation businesses in England occupying hereditaments appearing on the local rating list only
- Hospitality definition: a business whose main function is to provide a venue for the consumption and sale of food and drink
- Leisure definition: a business that provides opportunities, experiences and facilities, in particular for culture, recreation, entertainment, celebratory events, days and nights out, betting and gaming
- Accommodation definition: a business whose main lodging provision is used for holiday, travel and other purposes.
|
Rateable Value |
Grant Amount |
|
£1 to £15,000 |
£2,667 |
|
£15,001 to £50,999 |
£4,000 |
|
Over £51,000 |
£6,000 |
COVID-19 business grant funding schemes: guidance for local authorities - GOV.UK
Some businesses may be eligible for reductions in business rates.
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Retail Relief
Updated information with effect the 1st April 2022
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Extension of Transitional Relief and Supporting Small Business Relief for small and medium properties
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Charity and community amateur sports club relief
A relief scheme for registered charities and community amateur sports clubs.
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Rate relief for businesses in rural areas
A relief scheme for certain properties within a rural settlement that meet certain criteria.
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Hardship relief
The local authority has discretion to give hardship relief in specific circumstances.
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Discretionary rate relief - not for profit organisations
Billing authorities can award relief of up to 100% to non-profitmaking bodies.
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Empty, unoccupied properties
Business rates will not be payable in the first three months that a property is empty. This is extended to six months in the case of certain industrial properties.
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Part occupied properties
It is at the discretion of a local authority to apply a section 44a reduction.
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Small business rates relief
A relief scheme for small businesses based on certain criteria.
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March budget relief scheme 2017
Supporting Small Businesses (SSB), Local Discretionary Discount Scheme, Pub Relief, Local Newspapers
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Updated Relief Scheme March Budget 2020
Supporting Small Businesses (SSB), Local Discretionary Discount Scheme, New Pub Relief, Local Newspapers