Business rates holiday

19/05/2020

Businesses will be eligible for a business rates holiday for the 2020/21 tax year if they are based in England and in the retail, hospitality, or leisure sector.

How to access this scheme

It is automatic and there is no action required. This payment holiday will be automatically applied to the next council tax bill in April 2020. If your business has already received a bill, this will be reissued in due course.

There will be no rateable value limit on the relief.

Nurseries will also receive a business rates holiday for the 2020-2021 tax year. Eligible businesses will receive a bill showing no business rates charge for the 2020-2021 tax year.

Those who had already received bills for the 2020-2021 tax year will be re-billed. As above, businesses should contact their local authority with any questions they may have about the scheme.

Prydis

This article was written by Prydis

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