A scheme to provide business rates relief to eligible retail, hospitality, and leisure properties up to a maximum cash cap limit of £110,000 per business. To qualify the property must be occupied (trading), open to the public, and the property should be wholly or mainly used for retail purposes.
The relief equates to 50% of rates liability between 1st April 2022 and 31st March 2023.
Where there is a qualifying connection (i.e Group company level/connected parties) between ratepayers they will be considered as one ratepayer for the purpose of the cash caps.
This expanded retail relief is also subject to the subsidy rules. For more information or assistance with this please get in touch with one of our experts in our Business Rates Team.