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.
At the Autumn Statement on 17 November 2022 the Chancellor announced the introduction of a new business rates relief scheme for retail, hospitality and leisure properties worth around £2.1 billion in 2023/24. The 2023/24 Retail, Hospitality and Leisure Business Rates Relief scheme will provide eligible, occupied, retail, hospitality and leisure properties with a 75% relief, up to a cash cap limit of £110,000 per business.
Ratepayers that occupy more than one property will be entitled to relief for each of their eligible properties up to the maximum £110,000 cash cap per business. No business rates payer should in any circumstances exceed this limit across all of their properties in England.
Properties that will benefit from relief
Occupied properties that are wholly or mainly used as:
- shops, restaurants, cafes, drinking establishments, cinemas or live music venues
- for assembly or leisure, sports clubs, village halls, nightclubs, tourist attractions
- hotels, guesthouses, self-catering accommodation
There is no need to contact us. We will automatically reduce the amount of business rates you have been asked to pay.
You should tell us immediately if:
- you believe that receiving the discount will breach the £110,000 cash cap limit
- your business will exceed the Small Amounts of Financial Assistance limit of £343,000 over 3 years (including 2022/23)
- we have automatically granted you the discount but you are not eligible for any reason
Ratepayers may refuse the relief for each eligible hereditament anytime up to 31 March 2024 and cannot withdraw their refusal for either all or part of the financial year. Please contact us if you would like the discount removed.
Retail, hospitality and leisure relief scheme policy
Find out more
Business Rates Holiday for Retail, Hospitality and Leisure Guidance (GOV.UK)