Budget Business Rates Reliefs
The government has already announced the Business Rates Retail Discount will be increased to 50% in 2020-21 (it was 33% in 2019/20). To support small businesses affected by COVID-19 the government is increasing it further to 100% for 2020-21. Retail Discount applies to various categories of retail property, including petrol stations, and the relief will also be expanded to the leisure and hospitality sectors. The relief only applies to Rateable Values below £51,000. These temporary … Read more