Local Discounts Overview
In the Autumn Budget of 2018 the chancellor announced a Retail Discount scheme. This scheme will run in 2019/20 and 2020/21 financial years.
Spring Budget 2017 Reliefs
Additional Rate Relief Schemes were announced in the 2017 Spring Budget to assist businesses which, following the 2017 Business Rates revaluation and changes to other reliefs, faced the largest increases in the amount of rates payable. In summary the measures announced were as follows:
Supporting Small Businesses
This scheme supports businesses that had lost Small Business Rates Relief due to the 2017 revaluation.
Public House Relief
A £1,000 payment to Pubs up to £100,000 Rateable Value. This relief was for the 2017-18 and 2018-19 financial year and has now ended for the 2019-2020 financial year.
Revaluation Discretionary Relief
A discretionary funding pot of £300 million has been made available nationally. It is payable over 4 years to enable billing authorities to support those facing the steepest increases in their Business Rates. The scheme will help businesses with a rateable value of less than £200,000 and facing an increase in Business Rates of over 12.5% this financial year. The ratepayer must have been in occupation on 31 March 2017.
Visit the Spring Budget 2017: Things you need to know page on the GOV.UK website for more detail on the measures announced in the Spring Budget Statement on 8 March 2017.