Business rates holiday and discounts for tax year 2021-22
- April 29, 2021
- Posted by: admin
- Category: Contractors, Expenses, Tax, Uncategorized
No Comments
The government cancelled business rates for all retail, leisure and hospitality businesses, in response to the Covid-19 outbreak.
This business rates holiday applied in England for the full tax year 2020-21, and has now been extended until June 2021 for:
- shops
- restaurants, cafés, bars, pubs
- cinemas, live music venues
- assembly or leisure properties, like sports clubs, gyms, spas
- hospitality properties, like hotels, guest houses, self-catering accommodation
After June 2021, business rates will be discounted for the remaining tax year 2021-22. There’ll be a 66 per cent business rates reduction from 1 July 2021 to 31 March 2022, up to a maximum of £2 million for closed businesses.
How do I get this support?
You don’t need to do anything to get this support – it’ll be applied to your April 2021 Council Tax bill.
You can use the government’s business rates calculator to find out the amount you’ll no longer have to pay this year.