Coronavirus - Business Rates Support - updated guidance 23/3/2020

COVID Virus

Cash grants for retail, hospitality and leisure businesses

  • As previously advised, there is a cash grant available of up to £25,000 for the retail, hospitality and leisure sector.
  • In updated guidance, it is advised that the relevant Local Authority will write to you if you are eligible for this grant.
  • You do not need to contact the Local Authority or apply for this scheme.

Cash grants for businesses paying little or no business rates

  • Similarly, with business that currently pay little or no business rates as a result of claiming Small Business Rates Relief there is a cash grant of up to £10,000 available.
  • In updated guidance, it is advised that the relevant Local Authority will write to you if you are eligible for this grant.
  • You do not need to contact the Local Authority or apply for this scheme.

Support for nursery businesses paying business rates

For nurseries that pay business rates, the government have introduced a business rates holiday for the 2020/21 tax year.

Properties that will benefit from the relief will be hereditaments:

  • occupied by providers on Ofsted’s Early Years Register
  • wholly or mainly used for the provision of the Early Years Foundation Stage

This will apply to your next council tax bill in April 2020. You do not need to apply for this scheme.

You can estimate the business rate charge you will no longer have to pay this year using the following link: https://www.gov.uk/calculate-your-business-rates

Keep in touch

We keep our clients up to date with BIG changes via our tips and tax advice bulletins, which will be sent by email.

These will include deadline reminders, particularly HMRC related, legislation updates and tax planning ideas. Where a change affects a client directly, we will, of course, be in touch personally, but at least these bulletins will give our clients advance warnings of changes ahead. Simply complete the form below to register.

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Get in touch

Northampton: 01604 678470

Milton Keynes: 07957 601496

Corby: 01536 216157

Rushden: 01933 312950

Email website@elsbyandco.co.uk