Following the Budget on 3rd March the Chancellor confirmed for England that the Expanded Retail Discount will continue to apply into the 2021/22 rates year for qualifying properties.
This is providing 100% relief for three months, between 1st April 2021 and 30th June 2021, followed by 66% relief for the remaining part of the rates year from 1st July 2021 to 31st March 2022. Different rules apply to devolved Parliaments.
The government confirmed there is no cash cap on the relief received for the initial 3-month period up to 30th June 2021. However, with effect from 1st July 2021, the relief is capped at £105,000 per business, or £2 million per business where the business is in occupation of a property that was “required, or would have been required to close, based on the law and guidance applicable on 5th January 2021.”
Rates reliefs could also apply to eligible nursery properties up to 31st March 2022, capped at £105,000 per business.
There are guidelines on the Gov.uk website that outline suggested property types that are eligible for the relief and also define how the cash caps apply to businesses with subsidiary companies and any limits on claiming.
Eligible businesses may also be entitled to a cash grant from their local council for each period of national lockdown. They could also receive grants for prior local lockdowns when businesses were forced to close or when trade was substantially affected.
However, some of these cash grants have upcoming deadlines, so you should promptly check your eligibility with your local council, in advance of any deadlines.