In the 2020 Budget, the Chancellor announced business rate measures:
- The Pub Discount will be increased from £1,000 to £5,000.
- The Retail Discount will be increased from 50% to 100% and extended to hospitality properties.
- Businesses that are eligible for Small Business Rate Relief will be entitled to a £3,000 cash grant.
These measures will be significant for many of our business rate payers, but we must wait for the government to give legislation or guidance to enable us to implement them. If we can, we will adjust liabilities automatically. We will update the website once information is available.