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Coronavirus: Business Rate Relief

19-Mar-2020 1:04 PM | Anonymous

The Government has now published details on how the business rate relief scheme will work.

For 2020/21 only, certain businesses will receive a 100% discount on business rates. Each local authority will adopt and publish its own scheme and then central Government will reimburse local government.

Which properties will benefit from the relief?

For the fashion and textile sector properties that will benefit from the relief will be occupied premises that are wholly or mainly being used as shops.

The Government consider shops to mean:
 i. Premises that are being used for the sale of goods to visiting members of the public: This includes the following examples
− Shops
− Charity shops
− Furnishing shops
− Dry cleaners 

In addition, some companies may also qualify for the relief if their premises operate as a tourist attraction and if it operates a café/coffee shop.

To qualify for the relief, the premises should be wholly or mainly being used for the above qualifying purposes. 

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