Spring Budget 2020 and business rates bills

Published Thursday, 12th March 2020

magnifying glass on a document called 2020 budget

On 11 March 2020 The Chancellor announced extra help for businesses as part of the Spring Budget. There are two main changes that will impact business rate bills in 2020/21.

Retail discount

The retail discount was due to be increased from one-third to 50%, and has now been increased to 100%. The discount has also been extended to include businesses within the leisure and hospitality industries.

Pub relief

Pub relief was due to be reinstated for 2020/21 with a discount of £1,000 for eligible public houses. This discount has been increased to £5,000.

Please be aware that the Council has already prepared and will be posting out business rates bills for 2020/21 on 13 March 2020, based on the previously announced levels of relief.

If you are not affected by these changes, your bill is correct and you should make payment as detailed on your bill.

If you are affected by these changes we will send you a new 2020/21 business rate bill as soon as possible.

It has been confirmed that the Government will distribute guidance on the new reliefs to Local Authorities on 20 March 2020; the Council will review and publish further information by 24 March 2020.

The government has also provided more information about the package of measures announced at Budget 2020 for public services, individuals and businesses effected by Covid-19.