Retail, Hospitality and Leisure Relief
During the Autumn Statement, 17 November 2022, the Chancellor announced a discount at a rate of 75% for all occupied retail, hospitality and leisure properties for financial year 2023/24, subject to a cash cap of £110,000 per business.
This discount was extended to financial year 2024/2025 during the Autumn Statement 22 November 2023.
The discount is administered under the local discount powers contained in Section 47 of the Local Government Finance Act 1988.
Criteria
- 75% relief, subject to a maximum £110,000 cash cap per business.
Please note that this relief will cease at the end of the 2024/2025 financial year.
Eligibility criteria
To be eligible for this discount for this discount the following qualifying criteria must be met:
- The premises must be occupied
- The premises must be used wholly or mainly as:
- a shop, restaurant, café, drinking establishment, cinema or live music venue;
- for assembly and leisure; or
- a hotel, guest or boarding premises, or self-catering accommodation
- The eligible ratepayer must not have refused the discount.
- Subsidy Control limits
Ratepayers that occupy more than one property may be entitled to each of their eligible properties, subject to the appropriate cash cap.
