Spring Budget 2020
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On 11 March 2020 The Chancellor announced extra help for businesses as part of the Spring Budget. There are two main changes that will impact business rate bills in 2020/21:
The retail discount was due to be increased from one-third to 50%, and has now been increased to 100%. The discount has also been extended to included businesses within the leisure and hospitality industries.
Pub relief was due to be reinstated for 2020/21 with a discount of £1,000 for eligible public houses. This discount has been increased to £5,000.
Ashford Borough Council has already prepared and will be posting out the new year business rates bills for 2020/21 on 12 March 2020, based on the previously announced levels of relief. If you are affected by these changes we will send you a new 2020/21 business rate bill as soon as possible. If you are not affected by these changes, your bill is correct and you should make payment as detailed on your bill.