Changes to business rates from 1 April 2020

On Monday 27 January 2020, the Financial Secretary to the Treasury made a Written Ministerial Statement announcing additional business rates measures that will apply from 1 April 2020.

Retail Discount – Retail discount will increase from one-third to 50 per cent for 2020/21 and from 1st April 2020 extend to include cinemas and music venues.

Newspaper Relief - The £1,500 business rates discount for office space occupied by local newspapers will apply for an additional 5 years until 31 March 2025.

Pub Relief – An additional £1000.00 discount to eligible pubs with a rateable value of less than £100,000 in 2020/21. This is in addition to the retail discount and will apply after the retail discount.

Further information on reliefs and exemptions - Business Rates - Reliefs and Exemptions

 


Last Updated on 19 March 2020

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