12/03/19







In the Autumn Budget 2018, the Chancellor announced that eligible retailers will receive a one third discount on their business rates bills for two years from April 2019.
Relief will be provided to eligible occupied retail properties with a rateable value of less than £51,000 in 2019/20 and 2020/21. This could lead to a maximum saving of @ £8,500; with the National Multiplier having being increased to the record level of 50.4p in the Pound.

Retail property occupiers will presently be receiving their Business Rates Bills for the next financial year. We understand the discount should automatically be included on the account – and clearly shown on your bill. If the discount is not shown, your use may not be eligible, or occupiers should contact the Rating Authority and ask for clarification.

The eligibility is relatively straightforward; albeit a little unjust for high street businesses that are predominately office use.

The following list of uses should receive the relief where the rateable value is less than £51,000:


RETAIL

  • 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)


SERVICES

  • Hair and beauty services (such as: hairdressers, nail bars, beauty salons, tanning shops, etc)
  • Shoe repairs/ key cutting
  • Travel agents
  • Ticket offices e.g. for theatre
  • Dry cleaners
  • Launderettes
  • PC/ TV/ domestic appliance repair
  • Funeral directors
  • Photo processing
  • Tool hire
  • Car hire


FOOD AND DRINK

  • Restaurants
  • Takeaways
  • Sandwich shops
  • Coffee shops
  • Pubs
  • Bars

This list is not exhaustive. Broadly, retail properties with visiting members of the public should be considered for eligibility.

Authorities will be sending forms to Ratepayers asking them to record any other State Aid that they may be receiving.

Properties that are not readily accessible to visiting members of the public are not eligible for relief, along with many quasi-office businesses. These are listed as:
  • Financial services (e.g. banks, building societies, cash points, bureaux dechange, payday lenders, betting shops, pawn brokers)
  • Other services (e.g. estate agents, letting agents, employment agencies)
  • Medical services (e.g. vets, dentists, doctors, osteopaths, chiropractors)
  • Professional services (e.g. solicitors, accountants, insurance agents/financial advisers, tutors)
  • Post office sorting offices


For further details of the scheme, please see the full Guidance Here