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You could qualify for retail discount if your business is used for retail
At the Budget, on 27 October, the Chancellor announced a new £1.7 billion business rates relief scheme for retail, hospitality and leisure properties in 2022 to 2023. The scheme will support high street and town centre businesses and help them evolve and adapt to changing consumer demands.
The Retail, Hospitality and Leisure Business Rates Relief Scheme will run only for 2022 to 2023. The scheme will provide eligible and occupied retail, hospitality and leisure properties with a 50% relief, up to a cash cap of £110,000 per business.
Properties that will benefit from this relief
Examples of the types of properties entitled to the relief are listed below.
Properties that will benefit from the relief will be occupied hereditaments (properties) that are wholly or mainly being used:
- as shops, restaurants, cafes, drinking establishments, cinemas and live music venues
- for assembly and leisure
- as hotels, guest and boarding premises and self-catering accommodation
View detailed list of property types
|A||art galleries where art is for sale or hire|
car and caravan show rooms
caravan parks and sites
computer or domestic appliance repair
furnishing shops or display rooms such as carpet shops, double glazing, garage doors
|H||hair and beauty services such as hair dressers, nail bars, beauty salons, tanning shops
hotels, guest and boarding houses
live music venues
museums and art galleries
second-hand car lots
shops such as florists, bakers, butchers, grocers, greengrocers, jewellers, stationers, off licences, chemists, newsagents, hardware stores, supermarkets
sport and leisure facilities
sports grounds and clubs
stately homes and historic houses
Businesses that are not entitled to the relief
- Financial services (banks, building societies, cash points, bureaux de change, payday lenders, pawnbrokers, betting shops)
- Medical services (vets, dentists, doctors, osteopaths, chiropractors)
- Post office sorting offices
- Professional services (solicitors, accountants, insurance agents, financial advisers, employment agencies, estate agents, letting agents, tutors)