Business Rates Retail Discount Increase

The retail discount, which is available for the 2019/20 and 2020/21 tax years, currently allows qualifying businesses with a rateable value of less than £51,000 a third off their business rates bills on top of any other reliefs for which they are eligible. 

 

The government has confirmed that it will increase the discount to 50% from 1st April 2020.  Andrew Goodacre, CEO of bira said: “This is good news for independent retailers and is what we have been campaigning for.  We now need to ensure it becomes permanent!”.

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