Retail, hospitality and leisure business rates relief
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.
Hereditaments that meet the eligibility for Retail, Hospitality and Leisure scheme will be occupied hereditaments which meet all of the following conditions for the chargeable day:
- They are wholly or mainly being used:
- as shops, restaurants, cafes, drinking establishments, cinemas or live music venues
- for assembly and leisure, or
- as hotels, guest and boarding premises or self-catering accommodation
Where a ratepayer has a qualifying connection with another ratepayer then those ratepayers should be considered as one ratepayer for the purposes of the cash caps.
Furthermore, the retail hospitality and leisure scheme is likely to amount to subsidy.
Please see retail, hospitality and leisure business rates relief – detailed information for full eligibility criteria, cash cap and subsidy information.