Business Rates Relief

UPDATED ON 1 APRIL AT 15:06


rates

The government has announced a series of measures to support businesses affected by COVID-19, listed below.  We are now waiting for confirmation on how these measures will be administered – once we receive this, we will provide further updates.

New updates

  • Employment agencies, Estate Agents and Letting Agents, Betting Shops, Wellness Centres, Spas, Massage Parlours, Casinos, Gambling Clubs and Bingo Halls have now been included in the retail discount scheme.

Extended Retail Rate Relief

If you are currently receiving the retail discount for your Business Rates bill, you will receive a revised bill with 100% relief shortly.

If your business occupies a property in the retail sector with a rateable value of £51,000 or more, or if your business occupies a property in the leisure or hospitality sectors you may also be eligible for the 100% discount on your business rates bill.

On 18 March 2020 the Government announced a 100% business rates Nursery Discount for 2020/2021.  Properties that will benefit from the relief will be those occupied by providers on Ofsted’s Early Years Register and wholly or mainly used for the provision of the Early Years Foundation Stage.  The property must be subject to business rates and there will be no rateable value limit on the relief.


Small Business Grant

If your business is eligible for small business rate relief or rural rate relief, you are entitled to a one-off grant of £10,000.


Support for businesses that pay business rates

A grant of up to £25,000 will be provided to retail, hospitality and leisure businesses operating from smaller premises, with a rateable value of less than £51,000.

      • For businesses in these sectors with a rateable value of under £15,000, they will receive a grant of £10,000.
      • For businesses in these sectors with a rateable value of between £15,000 and £51,000, they will receive a grant of £25,000.

Any enquiries on eligibility for, or provision of, the reliefs should be directed to the relevant local authority. 

Support for businesses that pay little or no business rates

The government will provide additional funding for local authorities to support small businesses that already pay little or no business rates because of small business rate relief (SBBR).

This will provide a one-off grant of £10,000 to businesses currently eligible for SBRR or rural rate relief, to help meet their ongoing business costs.

 


If you have any queries, please contact our Business Rates team via telephone or email.

South Oxfordshire District Council:
sodc.businessrates@secure.capita.co.uk

Vale of White Horse District Council:
vowh.businessrates@secure.capita.co.uk