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12-month business rates holiday

12-month business rates holiday

12-month business rates holiday for all retail, hospitality, leisure and nursery businesses in England

What is it?

The Government will introduce a business rates holiday for retail, hospitality and leisure businesses in England for the 2020 to 2021 tax year.

Businesses that received the retail discount in the 2019 to 2020 tax year will be rebilled by their local authority as soon as possible.

Who is it for?

You are eligible for the business rates holiday if:

  • Your business is based in England
  • Your business is in the retail, hospitality and/or leisure sector

Furthur clarrification on who this is for from the Government

11. We consider shops, restaurants, cafes, drinking establishments, cinemas and live music venues to mean:

i. Hereditaments that are being used for the sale of goods to visiting members of the public:

  • Shops (such as: florists, bakers, butchers, grocers, greengrocers, jewellers, stationers, off licences, chemists, newsagents, hardware stores, supermarkets, etc)
  • Charity shops
  • Opticians
  • Post offices
  • Furnishing shops/ display rooms (such as: carpet shops, double glazing, garage doors) 
  • Car/caravan show rooms
  • Second-hand car lots
  • Markets
  • Petrol stations
  • Garden centres
  • Art galleries (where art is for sale/hire)

Properties that will benefit from the relief will be occupied hereditaments that are wholly or mainly being used:

  • as shops, restaurants, cafes, drinking establishments, cinemas and live music venues
  • for assembly and leisure
  • as hotels, guest & boarding premises and self-catering accommodation

Estate agents, lettings agencies and bingo halls that have closed as a result of Covid-19 measures to restrict the spread of the virus will be exempted from business rates in 2020-21.

How does it work?

There is no action for you to take.

This 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.

You can estimate the business rate charge you will no longer have to pay this year using the business rates calculator.

Further guidance for local authorities is available in the expanded retail discount guidance.

What should I do next?

Critchleys Clients: If you have specific questions, please contact your Critchleys Accountant directly.

To view the government's measures to protect UK high street from aggressive rent collection and closure, click here

 


Published 24 March 2020
Last Updated 27 March 2020

27 March 2020
Estate agents, lettings agencies and bingo halls that have closed as a result of Covid-19 measures to restrict the spread of the virus will be exempted from business rates in 2020-21.

24 March 2020
First published.

 

Find out more about Mark Rusher

Mark Rusher

Mark Rusher

Mark is our Managing Partner.

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