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Rate relief

2022 to 23 Retail, Hospitality and Leisure Relief Scheme

At the Budget on 27 October 2021, the Chancellor announced the introduction of a new business rates relief scheme for retail, hospitality and leisure properties worth almost £1.7 billion in 2022/23. This will support the businesses that make our high streets and town centres a success and help them to evolve and adapt to changing consumer demands.

The 2022/23 Retail, Hospitality and Leisure Business Rates Relief scheme will provide eligible, occupied, retail, hospitality and leisure properties with a 50% relief, up to a cash cap limit of £110,000 per business.

Covid-19 Additional Relief Fund (CARF)

The Government recently announced a new COVID-19 Additional Relief Fund (CARF) of £1.5 billion. The fund will be available to support those businesses affected by the pandemic but that are ineligible for existing support linked to business rates.

The aim of this scheme is to provide Business Rates Relief for the financial year 2021/22 to those who have been adversely affected by the pandemic and have been unable to adequately adapt to that impact.

The Council has developed a policy which focuses on providing relief to business who are registered for Business Rates and are

  • in occupation of the business property (unless you have been forced to close due to the Government’s advice on Covid-19)
  • not in receipt of Extended Retail Discount or Nursery Discount
  • not already In receipt of full rates relief (such as Small Business Rates Relief)

The Council has identified those businesses it considers may be eligible for this relief and will be applying a percentage discount automatically to business rate accounts very soon.  Please be aware that you may receive the new demand notice for 2022/23 before you receive the CARF relief.

If you do not receive a notification from the Council (that we have granted you this discount) by the end of May 2022 and you believe you are eligible, please email us at revenues@westoxon.gov.uk

Small business rate relief

Many businesses with rateable values below £12,000 will pay nothing. Those with rateable values between £12,001 and £14,999 will receive relief on a sliding scale. Businesses with a rateable value below £51,000 will benefit from having their charge calculated using the small business rate multiplier.

Examples of calculations

Basic calculation:

  • rateable value x small business multiplier  £19,000 x 0.499 = £9,481.00 rates payable
  • rateable value x standard multiplier £55,000 x 0.512 = £28,160.00 rates payable

Small business rate relief:

  • rateable value x small business multiplier  £14,000 x 0.499 = £6,986.00 payable before relief
  • Small business rate relief on a sliding scale £4,658.00 rates payable and £2,328.00 relief 

Local Newspaper Relief

The government has introduced a £1,500 business rates discount for office space occupied by local newspapers, up to a maximum of one discount per local newspaper title and per heritable property, for 2 years from 1 April 2017. The discount is subject to state aid levels.

This relief has now been extended up to 31 March 2025.

Rate relief for rural businesses

Certain types of business in rural settlements with a population below 3,000 may qualify for mandatory rural rate relief. To qualify the property must be occupied and be the only:

  • general store or post office with a rateable value of less than £8,500
  • public house or petrol filling station with a rateable value of less than £12,500
  • or a food shop with a rateable value of less than £8,500

Charity and registered Community Amateur Sports Club (CASC) relief

Charities and registered Community Amateur Sports Clubs are entitled to 80 per cent relief where the property is occupied by the charity or club and is wholly or mainly used for charitable purposes or as a registered community amateur sports club. The council has discretion to give further relief on the remaining bill.

To register as a CASC visit the HM Revenues and Customs website or call 0845 302 0203.