Covid 19 - Business Rates (England) - what new reliefs from rating are available for my business?

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On 17 March 2020 the Chancellor of the Exchequer announced measures to help businesses through the current crisis including increasing the amount businesses can borrow through the Coronavirus Business Interruption Loan Scheme to £5 million, with the first 6 months interest free.

Rating of Leisure and Hospitality Businesses -

A £20 billion package of business rates support and grant funding will help the most-affected firms manage their cash flow through this period. The business rates retail discount is increased to 100% for one year and applied to the leisure and hospitality sectors.

Please see full publication below for more information.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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