Retail Hospitality and Leisure Business Rates Relief Scheme 2023/24 - Extended for 2024/25

In the 2022 autumn statement, the Chancellor announced changes to the business rates from 1 April 2023. In the 2023 autumn statement it was confirmed that this would be extended for 2024/25.

An increase in the amount of retail discount payable from 50% to 75% for qualifying businesses. This is subject to a cap of £110,000 total relief per business.

Relief will be provided to eligible occupied retail, hospitality and leisure properties in 2024/25. Your current rates bill includes this relief should you be entitled.

In line with the conditions set by the government, a ratepayer may only claim up to £110,000 of support under the 2024/25 Retail, Hospitality and Leisure Relief Scheme for all of their eligible hereditaments. This cash cap applies at a Group company level (so holding companies and subsidiaries cannot claim up to the cash cap for each company) and also to organisations which, although not a company, have such an interest in a company that they would, if they were a company, result in its being the holding company.

Furthermore, the Retail, Hospitality and Leisure Relief Scheme is subject to the Minimal Financial Assistance limit of £315,000 over three years (including 2024/25).

Therefore, to claim the Retail, Hospitality and Leisure relief you must not have exceeded either the £110,000 cash cap for 2023/24 or the Minimal Financial Assistance limit of £315,000 over three years (including 2024/25).