Business Rates

Expanded Retail Discount and Retail, Hospitality and Leisure Relief

As a result of the Coronavirus pandemic the Government introduced a 100% Business Rates discount, for 2020/21, for hereditaments that met the criteria for the expanded retail discount. At the Budget on 3 March 2021, the Government announced an extension of the 100% discount for 3 months until 30 June 2021 for eligible businesses. A further 66% discount applied for the period 1 July 2021 to 31 March 2022 for eligible businesses subject to a cap of £2 million for businesses that were required to close on 5th January 2021 and £105,000 for other eligible businesses. This discount was applied to the bill after the application of any reliefs, excluding any local discounts. At the Budget on 27 October 2021, the Government announced a new Retail, Hospitality and Leisure Relief for 2022/23. Eligible businesses will receive 50% relief subject to a cash cap limit of £110,000 per business. This relief will be applied to the bill after the application of any reliefs, excluding any local discounts. Ratepayers do not need to take any action as the relief will be automatically granted where possible.

If you have not been awarded this relief and believe that you are eligible please email businessrates@ribblevalley.gov.uk detailing why you believe that you meet the criteria.

Detailed guidance relating to the 2021/22 Expanded Retail Discount and cap can be found at https://www.gov.uk/government/publications/business-rates-expanded-retail-discount-2021-to-2022-local-authority-guidance/business-rates-expanded-retail-discount-2021-to-2022-local-authority-guidance.

Detailed guidance relating to the 2022/23 Retail, Hospitality and Leisure Relief Scheme can be found at 2022/23 Retail, Hospitality and Leisure Relief Scheme: local authority guidance - GOV.UK (www.gov.uk).