The government has introduced a new discount for eligible retail businesses with a rateable value of less than £51,000. The discount will be one-third of the business rates bill and will be available for two years: 2019-20 and 2020-21.
To be eligible for discount, the property must:
- have a rateable value of less than £51,000, and
- be wholly or mainly used as a shop, restaurant, cafe or drinking establishment.
If you have more than one business property you can get a retail discount for each one that is eligible, up to State Aid limits.
We will automatically apply a retail discount to those properties we have identified as being eligible. If you think you should receive a retail discount but cannot see this on your bill, please contact the business rates team.
The discount will be applied after most other reliefs and discounts have been taken off your bill.
Properties that will be considered for a retail discount
Properties 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)
- Charity shops
- Post Offices
- Furnishing shops/ display rooms (such as: carpet shops, double glazing, garage doors)
- Car/ caravan show rooms
- Second hand car lots
- Petrol stations
- Garden centres
- Art galleries (where art is for sale/hire)
Properties that are being used to provide the following services to visiting members of the public:
- Hair and beauty services (such as: hairdressers, nail bars, beauty salons, tanning shops)
- Shoe repairs/ key cutting
- Travel agents
- Ticket offices e.g. for theatre
- Dry cleaners
- PC/ TV/ domestic appliance repair
- Funeral directors
- Photo processing
- Tool hire
- Car hire
Properties that are being used for the sale of food and/or drink to visiting members of the public:
- Sandwich shops
- Coffee shops
Properties that will not be considered for a retail discount
- Financial services (e.g. banks, building societies, cash points, bureaux de change, payday lenders, betting shops, pawn brokers)
- Other services (e.g. estate agents, letting agents, employment agencies)
- Medical services (e.g. vets, dentists, doctors, osteopaths, chiropractors)
- Professional services (e.g. solicitors, accountants, insurance agents/financial advisers, tutors)
- Post office sorting offices
These are not complete lists. If you’re unsure if your business is eligible for a retail discount, please contact us.
State Aid law is the means by which the European Union regulates state funded support to businesses.
The award of this relief is considered likely to amount to state aid. However it will be state aid compliant where it is provided in accordance with the De Minimis Regulations EC 1407/2013. The De Minimis Regulations allow an undertaking to receive up to €200,000 ‘de minimis’ aid over a rolling three-year period.
If you are receiving or have received state aid that amounts to the limit, you should not receive a retail discount. Please opt out of receiving the retail discount for this reason. We will remove the discount from your account and send you a revised bill.
More about state aid on GOV.UK Permalink