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Retail Discount

In the Chancellor’s budget on 3 March 2021 it was announced that the Government would provide additional business rates support for eligible retail, hospitality, leisure and nursery businesses in England occupying a qualifying property.

The Expanded Retail Discount was extended for 3 months for eligible properties at 100% relief (uncapped) for the period 1 April 2021 to 30 June 2021.

Following this a further relief scheme was determined from 1 July 2021 to 31 March 2022. The Expanded Retail Discount will apply at 66% relief for eligible properties in the scheme, with a cash cap of £2m for businesses that were required to close as at 5 January 2021, and up to £105,000 for business permitted to open at that date.

The Nursery Discount 2021 was also extended for three months, at 100% (uncapped) for the period 1 April 2021 to 30 June 2021. From 1 July 2021 to 31 March 2022 the further relief scheme for the Nursery Discount will be 66% relief for eligible properties, with a cash cap of £105,000.

For further information please view the details on the government website.