Budget announcement 4 March 2021

The Government has announced that the 100% Expanded Retail Relief and Nursery Relief schemes will be extended three months for the period 1 April 2021 to 30 June 2021.

For the period 1 July 2021 to 31 March 2022 the scheme will be changing as follows:

  • From 1 July 2021 to 31 March 2022, businesses in receipt of the Expanded Retail Relief discount will receive a 66% reduction in the amount to pay. There will be a cash cap of £2million for businesses that were required to close as at  5 January 2021 and up to £105,000 for businesses permitted to open at that date.
     
  • From 1 July 2021 to 31 March 2022, businesses in receipt of the Nursery discount will receive a 66% reduction in the amount to pay. There will be a cash cap of £105,000.

Businesses may choose to opt out of the relief schemes by emailing taxation@chichester.gov.uk.

Please note: the annual business rate bills for 2021/22 will be issued in March 2021 with 100% relief up to 31 March 2022. Revised bills will then be issued in June 2021 to reflect the above changes.

 

On 29 October 2018 the Government announced a new relief scheme will come into effect on 1 April 2019 for retail properties that have a rateable value under £51,000. Eligible ratepayers are entitled to a discount of one third off their rates bill.

On 27 January 2020 the Government has announced that as from 1 April 2020 the relief award will increase to 50%. The relief award will now be extended to include cinemas and music venues with rateable values below £51,000.

In the Budget on 11 March 2020 the Government announced that the retail relief award will increase from 50% to 100%, as from 1 April 2020. The scheme will also be expanded to include hospitality and leisure properties (such as museums, theatres, gyms, and hotels).

Further to the Budget announcement the Government has removed the rateable value cap of £51,000 from 1st April 2020 onwards. The scheme has also been extended to estate agents, letting agents, betting shops and employment agencies.

Our intention is to issue revised bills with the increased relief in April. If you do not presently receive retail relief but think you may qualify please complete the application form available.

The scheme will end on 31 March 2022.

Guidelines on the scheme issued by the Ministry of Housing, Communities and Local Government (MHCLG)  are available: