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Thursday, 04 April 2019 14:16

Business Rates - Are You Getting The Retail Discount?

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In the 2018 Autumn Budget, the government announced that it will provide a business rates retail discount scheme for occupied retail properties - have you checked to see you got it?

If you have occupied retail premises in England with a rateable value of less than £51,000, you should have had your business rates bill reduced by one third.

Taken from the Ministry of Housing, Communities and Local Government guidance notes:

Which properties will benefit from relief?

Properties that will benefit from the relief will be occupied hereditaments with a rateable value of less than £51,000, that are wholly or mainly being used as shops, restaurants, cafes and drinking establishments.

We consider shops, restaurants, cafes and drinking establishments to mean:

Hereditaments that are being used for the sale of goods to visiting members of the public:

  • Shops (such as: florists, bakers, butchers, grocers, greengrocers, jewellers, stationers, off licences, chemists, newsagents, hardware stores, supermarkets, etc)
  • Charity shops
  • Opticians
  • Post offices
  • Furnishing shops/ display rooms (such as: carpet shops, double glazing, garage doors)
  • Car/ caravan show rooms
  • Second hand car lots
  • Markets
  • Petrol stations
  • Garden centres
  • Art galleries (where art is for sale/hire)

Hereditaments that are being used for the provision of the following services to visiting members of the public:

  • Hair and beauty services (such as: hair dressers, nail bars, beauty salons, tanning shops, etc)
  • Shoe repairs/ key cutting
  • Travel agents
  • Ticket offices e.g. for theatre
  • Dry cleaners
  • Launderettes
  • PC/ TV/ domestic appliance repair
  • Funeral directors
  • Photo processing
  • Tool hire
  • Car hire

Hereditaments that are being used for the sale of food and/ or drink to visiting members of the public:

  • Restaurants
  • Takeaways
  • Sandwich shops
  • Coffee shops
  • Pubs
  • Bars

So, if you have one of the above businesses, check your business rates bill, which you should have got by now.  If you do not have the discount, call your council business rates team to get it sorted.

Here is a link to the guidance notes.

Read 168 times Last modified on Wednesday, 10 April 2019 14:30