Business rates holiday & Grants
Business rates holiday for retail, hospitality and leisure businesses in England for the 2020 to 2021 tax year.
You are eligible for the business rates holiday if:
Properties that will benefit from the relief will be occupied properties that are wholly or mainly being used:
The Retail and Hospitality Grant Scheme provides businesses in the retail, hospitality and leisure sectors with a cash grant of up to £25,000 per property.
Businesses in these sectors with a property that has a rateable value of up to £15,000 may be eligible for a grant of £10,000.
Businesses in these sectors with a property that has a rateable value of over £15,000 and less than £51,000 may be eligible for a grant of £25,000.
You are eligible for the grant if:
Properties that will benefit from the relief will be occupied properties that are wholly or mainly being used:
The government will provide additional Small Business Grant Scheme funding for local authorities to support small businesses that already pay little or no business rates because of small business rate relief (SBRR), rural rate relief (RRR) and tapered relief. This will provide a one-off grant of £10,000 to eligible businesses to help meet their ongoing business costs.
You are eligible if:
Eligible businesses will be contacted by their local authority, though some local authorities have decided to operate an applications process.
DISCLAIMER: The purpose of the information is to provide information and insight regarding the situation. The readers must contact experts before making any decisions based on the information. We highly appreciate you to contact Citygate Accountants for further assistance.
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