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.
Due to the COVID-19 pandemic, the Government announced that during 2020/21 the discount would be increased to 100% for eligible retail leisure and hospitality businesses with no state aid limits.
In the budget announcement on 3 March 2021 this relief was extended at 100% for 3 months followed by a discount of 66% from 1 July 2021 until 31 March 2022.
Relief awarded from 1 July 2021 will be subject to a cap of £2 million for businesses that were required to close as at 5 January 2021 and £105,000 for businesses that were permitted to remain open at that date.
We are still awaiting further guidance regarding relief for the period after 1 July 2021 and will issue an update once this is available.
Businesses that received retail relief for 2020/21 will have nothing to pay in respect of business rates until 1st July 2021. We have held back the 2021/22 business rates bills for affected businesses and bills will be issued in June 2021 with instalments beginning on 1 July 2021.
You can choose to refuse this retail relief if you wish. If you do not want to have the retail relief applied to your business rates account, please contact the business rates team by telephone on 01246 345471 or by email to revenues.billing@chesterfield.gov.uk. Your account will be updated and a bill will be issued.
If there has been a change in circumstances that affects your entitlement to this relief then please contact us by telephone or email.
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).
Contact us for more information.
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. Due to the COVID-19 pandemic the Government announced that during 2020/21 the discount would be increased to 100% for eligible retail leisure and hospitality businesses with no state aid limits.
In the budget announcement on 3rd March 2021 this relief was extended at 100% for 3 months followed by a discount of 66% from 1st July 2021 until 31st March 2022. Relief awarded from 1st July 2021 will be subject to a cap of £2m for businesses that were required to close as at 5th January 2021 and £105,000 for businesses that were permitted to remain open at that date. We are still awaiting further guidance regarding relief for the period after 1st July 2021 and will issue an update once this is available.
Businesses that received Retail Relief for 2020/21 will have nothing to pay in respect of business rates until 1st July 2021. We have held back the 2021/22 business rates bills for affected businesses and bills will be issued in June 2021 with instalments beginning on 1st July 2021.
