Retail discount

In the 2018 Autumn Budget, the Government announced a business rates discount scheme for occupied retail properties with a rateable value of less than £51,000 for tax years 2019/2020 and 2020/2021.

This discount was one third off the bill for 2019/2020 and 50% off the bill for 2020/2021. This discount is applied to the bill after the application of any reliefs, excluding any local discounts.

Your business could qualify for a retail discount if it is a:

In response to the coronavirus, the government increased this discount for the financial year 1st April 2020 until 31st March 2021 to 100% with no limit on a properties rateable value.

Retail Discount for 2021/2022

For 2021/2022, the government announced a temporary extension of the Expanded Retail Discount (2020/2021) for 3 months for eligible businesses

From 1^st April 2021 to 30^th June 2021 - 100% discount of your business rates bill for these first 3 months of the tax year 2021/2022

From 1^st July 2021 to 31^st March 2022 - 66% discount off your business rates bill for the remainder of the 2021/2022 tax year up to a total value of £2 million

If your business was legally allowed to open during the period of national lockdown from 5^th January 2021, the discount you receive for the period 1^st July 2021 to 1^st March 2022 will be capped at a total value of £105, 000 not £2 million.

Retail Discount for 2023/2024 and 2024/2025

The 2023/2024 and 2024/2025 Retail, Hospitality and Leisure business rates relief scheme will provide eligible, occupied, retail and hospitality and leisure properties with a 75% relief, up to a cash cap of £110,000 per business.

Retail Discount for 2025/2026

The 2025/2026 Retail, Hospitality and Leisure business rates relief scheme will provide eligible, occupied, retail and hospitality and leisure properties with a 40% relief, up to a cash cap of £110,000 per business.