The Council Offices remain closed to the public. We are continuing to deliver services to the community. Contact us here

Business rates - March 2020 announcements

Updated 4 June 2020

Retail Relief

In response to COVID-19, at Budget 2020, the government announced that it would provide additional business rate support to some small businesses.

The Chancellor announced, as a temporary measure for 2020/21 that he would;-

  • increase the level of the retail discount to 100% for eligible retail businesses occupying a property with a rateable value of less than £51,000
  • expand the retail discount to include hospitality and leisure properties, with a rateable value of less than £51,000 (such as museums, theatres, gyms and hotels)

The Chancellor then announced on 17 March 2020 further business rates support to help the most-affected firms by;

  • giving all retail, hospitality, leisure businesses and nurseries in England a 100% business rates holiday for the next 12 months

A further announcement was made on 25 March 2020 that further business rates support would be provided to affected firms by;

  • giving Employment Agencies, Estate Agents and Letting Agents, and Betting shops a 100% business rates holiday for the next 12 months

Once further guidance is received from the Ministry of Housing, Communities, and Local Government, the above reliefs will be awarded and revised accounts will be sent out.

Grant funding

The Chancellor also announced on 17 March 2020 further business rates support to help the most-affected firms:

£10,000 Grant payment e-form (scheme 1)

  • Scheme 1 - providing a grant of £10,000 to small businesses eligible for Small Business Rate Relief, or Rural Rate Relief

£10,000 Grant payment e-form (scheme 2a)

  • Scheme 2a - providing a grant of £10,000 to retail, hospitality and leisure businesses with a rateable value up to £15,000

£25,000 Grant payment e-form (scheme 2b)

  • Scheme 2b - providing a grant of £25,000 to retail, hospitality and leisure businesses operating from smaller premises, with a rateable value over £15,000 and below £51,000

State aid rules apply to the above schemes, and on the application form a declaration must be made that you have not received more than €800,000 in state aid over a rolling three year period. If you have received more than €800,000 over the last three years then you are not entitled to a grant.

Any grant paid is for the business rates payer, if the recipient of the grant is not the ratepayer, we may take action to recover the amount of the grant.

It is expected that the grant payments will be made in April.

Once further guidance is received from the Ministry of Housing, Communities and Local Government in relation to the grants, a further update will be detailed here.  

Pub relief

The chancellor also announced at Budget 2020 that the level of pubs discount would increase to £5,000 for pubs with a rateable value less than £100,000.

Once further guidance is received from the Ministry of Housing, Communities, and Local Government, the pub relief will be awarded and revised accounts will be sent out.

Contact

Email:  nndr@spelthorne.gov.uk

Telephonel: 01784 451499

Share this page

Share on Facebook Share on Twitter Share by email

Print

Print this page