New Forest

03/05/2022

Retail, Hospitality and Leisure Business Rates Relief Scheme

Details have been published of how the Retail, Hospitality and Leisure Business Rates Relief Scheme will work. The scheme only applies to England, and it will only apply for the 2022/23 financial year. The scheme will provide a 50% reduction in business rates for eligible properties up to a limit of £110,000 per corporate group. Eligible occupied properties are those which are wholly or mainly being used as:

  • Shops (including charity shops), restaurants, cafes, drinking establishments, cinemas or live music venues.
  • For assembly or leisure (including museums, galleries, theatres, sports and leisure facilities, village halls and community centres).
  • Hotels, guest and boarding premises or self-catering accommodation.

The relief is calculated after any existing mandatory or discretionary reliefs, so for example a charity shop that is already benefiting from the 80% charity relief will for one year receive an additional 10% relief.

Details: https://bit.ly/35YYry2

Latest Tweets

HMRC has announced their new Advisory Fuel Rates (AFRs) for Employees and Directors using a company car.

To read more, click the link 👉 https://bit.ly/3EiHCgr

The Energy Bill Relief Scheme will help to cut energy prices for businesses, charities and public sector organisations, such as schools and hospitals.

The scheme will run for 6 months and cover energy used from 1 October 2022 to 31 March 2023.

Let’s Talk

Why not arrange a FREE consultation and find out what we can do for your business.