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Retail discount

Retail discount

In the Autumn Budget 2018 the Government announced a one third discount for eligible retail businesses with a rateable value of £51,000 up to state aid limits. The amount of relief is being increased from one third to 50% for the year 20-21 and relief is also being extended to music venues and cinemas with a rateable value of less than £51,000. For further guidance on the operation of the scheme visit:

Business rates: expanded retail discount - guidance

This relief will be delivered through local authority discretionary discount powers (under section 47(3) of the Local Government Finance Act 1988).

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Last updated on 10 July 2020