Budget Statement – 3 Mar 2021

Business rates for 1 April 2021 onwards… The widely expected 100% business rates holiday for 2021/22 has not happened. For qualifying retail, hospitality and leisure sectors, the holiday is limited to 1 April 2021 to 30 June 2021, 3 months business rates holiday at 100% relief. This will cost the Government £6.8bnThe following 9 months […]

Top 5 tips for 2021

Numeral-5

New Rate Year – new resolutions? After 30 years practising in rating valuation and business rates, never have we witnessed such a turbulent and unpredictable set of circumstances constantly presenting opportunities for Landlords and occupiers to review their business rates and take positive action to make sure that this annual cost is kept under review.The […]

Retail & Leisure reliefs

Expanded retail rate relief (Errr…) Expanded retail rate relief (Errr…) 2019/20 – 33% for qualifying retail properties.2020/21 – 100% relief for all retail, hospitality and leisure properties and nurseries2021/22 – 1st 3 months is 100% relief, followed by 9 months of 66% relief subject to a limit. That limit is £2m per business if you […]