23/11/2023
Great news in the Autumn statement as Business rates relief is extended for another year đȘđđ»
Did you know you itâs not too late to claim up to 75% relief off you business rates for this financial year if you havenât already ?
Details here taken from government website đ
https://www.gov.uk/apply-for-business-rate-relief/retail-discount
Retail, hospitality and leisure relief
You could qualify for retail, hospitality and leisure relief if your business is mainly being used as a:
shop
restaurant, café, bar or pub
cinema or music venue
hospitality or leisure business - for example, a gym, a spa or a hotel
What youâll get
If youâre eligible, you could get 75% off your business rates bills for the 2023 to 2024 billing year (1 April 2023 to 31 March 2024).
The most you can get in relief each billing year is ÂŁ110,000 per business.
If you opt out of retail, hospitality and leisure relief for the 2023 to 2024 billing year you cannot change your mind.
How to get retail, hospitality and leisure relief
Local councils manage business rates relief in their area.
Contact your local council to:
check if youâre eligible
find out how to get retail, hospitality and leisure relief
check if you can get any other types of business rates relief on top of retail, hospitality and leisure relief
If your circumstances change
Report changes to make sure youâre paying the right amount and do not get a backdated increase in your bill or overpay.
Contact your local council if:
your property becomes empty
you get another property
you make any changes to your property that would increase its value - for example, extending or renovating it
the nature of your business changes or it moves to different premises
If the amount of retail, hospitality and leisure business rate relief youâre eligible for changes, youâll usually need to pay your new rate starting from the day your circumstances changed.
Check which changes in circumstance you need to report to the Valuation Office Agency (VOA).
If you think you should be getting retail, hospitality and leisure relief but are not
Contact your local council if youâre not getting retail, hospitality and leisure relief and you think youâre eligible for it.
If youâre not eligible for retail, hospitality and leisure relief
You may be eligible for another type of business rate relief. For example, if:
you have a small business
you are in financial difficulty
Check what other reliefs you may be eligible for.
Check if you can get a reduction in your business rates bill with business rates relief and find out how to apply.