Business Rate Reductions
Expanded Retail Discount 2024/2025
In the Autumn Budget Statement, the Government announced another extension to the expanded retail, hospitality & leisure discount. Some retail, hospitality & leisure ratepayers will qualify for a 75% relief for the period 1 April 2024 to 31 March 2025.
All ratepayers qualifying for expanded retail, hospitality & leisure discount will be capped to a maximum relief of £110,000 for all their properties. Qualification is subject to the new Subsidy Control regime. The Subsidy Control restricts relief to £315,000 in a rolling three year period. If your bill shows retail relief, you should check that you comply with the UK subsidy control regime.
If you believe that you may qualify for the retail, hospitality & leisure discount you can contact the Council.
Subsidy Control
The UK subsidy control regime commenced from 4 January 2023. The regime enables public authorities, including devolved administrations and local authorities, to deliver subsidies that are tailored for local needs. Public authorities giving subsidies must comply with the UK’s international subsidy control commitments. The subsidy control legislation provides the framework for a new, UK-wide subsidy control regime. Further information about subsidy control can be found on the government website at: www.gov.uk/government/collections/subsidy-control-regime