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Support for retail, hospitality and leisure

Support for Retail, Hospitality and Leisure, Business rates holiday, Retail, hospitality, retail, hospitality and leisure. leisure, tax, tax rates, Business rates Coronavirus

 

Updated 31st March 2020 – 13:00

Business rates holiday for retail, hospitality and leisure businesses in England for the 2020 to 2021 tax year.

This will be automatically applied to the 2020/21 rates bill. Establishments which are predominantly used for the following will be eligible:

  • shops, restaurants, cafes, drinking establishments, cinemas and live music venues
  • for assembly and leisure
  • as hotels, guest & boarding premises and self-catering accommodation

£25k cash grant to retail, hospitality and leisure businesses operating from smaller premises, with a rateable value between £15,000 and £51,000.

This will be paid on a per property basis. The scheme will be administered by local authorities. Businesses which are eligible will be contacted directly by the local authority, however many councils are asking businesses to declare eligibility in order to accelerate the claim process.

If you believe that you are eligible, we advise that you contact your local council directly ASAP. We have compiled a list of some of the councils we are familiar with  to expedite this process – just click here for more details.

£10k cash grant to retail, hospitality and leisure businesses operating from smaller premises, with a rateable value of under £15,000.

This will be paid on a per property basis. The scheme will be administered by local authorities. Businesses which are eligible will be contacted directly by the local authority, however many councils are asking businesses to declare eligibility in order to accelerate the claim process.

If you believe that you are eligible we advise that you contact your local council directly ASAP. We have compiled a list of some of the councils we are familiar with to expedite this process: here!

Read more about Coronavirus Financial support:

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