One-third discount available
The Government has announced a new relief scheme for retail properties that have a rateable value of below £51,000.
Under the scheme, eligible ratepayers will receive a one-third discount of their daily chargeable amount. The definition of retail properties will follow that adopted from the previous retail relief scheme in 2014-15 and 2015-16.
The Ministry of Housing, Communities & Local Government plans to publish guidance on the operation of the relief scheme for retail shortly. However, local authorities should begin preparations for implementation on the basis of the definition of retail in the previous retail relief scheme. The relief will have effect for 2019-20 and 2020-21 and should be applied from the start of the billing cycle.
State aid rules will apply to the retail relief in the normal way. Eligible customers will have the relief automatically applied to their bills.
Further information can be found on the Government's website