At the Budget on 3 March 2021, the Chancellor announced that the Government would provide additional support for eligible retail, hospitality, leisure and nursery businesses in England occupying a qualifying property.
In response to the Coronavirus pandemic the Government announced that it would increase the retail discount to 100% for 2020-21 and include all properties that are in the retail, leisure and hospitality sectors
The Government announced a new relief scheme for retail properties that have a rateable value below £51,000. Under the scheme, eligible ratepayers will receive a one third discount of their daily chargeable amount.
Who can claim Small Business Rate Relief?
Rate Relief is available to the only Public House, Post Office, Food Shop or Petrol Filling Station within a rural settlement area
In the 2017 Spring Budget the Chancellor announced that a new scheme of relief would be made available to those ratepayers facing large increases as a result of the loss of small business or rural rate relief due to the revaluation.
In March 2017 the Government announced that it would make available, a discretionary fund to support those businesses facing the steepest increases in their business rate bills as a result of the 2017 revaluation.
Relief from payment of business rates is given to a wide range of charitable and non-profit making organisations
There are no rates payable for the first three months when a non-domestic property becomes empty. This is extended to six months in the case of certain industrial properties. Following this initial exemption period, rates will be charged at the full occupied rate.
Torridge District Council has the discretion to grant relief to ratepayers who would suffer extreme financial hardship by paying the whole of their rates bill
