75% Retail, Hospitality and Leisure Relief 2024/25

At the Autumn Statement on 22 November 2023 the Chancellor announced the extension of the business rates relief scheme for retail, hospitality, and leisure properties.

The 2024/25 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.

Government guidance can be found on the GOV.UK website

The guidance gives details about how the scheme operates and specifies which types of business are eligible for Retail, Hospitality and Leisure Relief.

What do I need to do now?

That depends.

  • You do not need to do anything if you (or your business) have not received any other 2024/25 Retail, Hospitality and Leisure Relief for premises other than the one to which your bill relates and you have not received more than the Minimal Financial Assistance limit of £315,000 over 3 years (consisting of the 2024/25 year and the two previous financial years).
  • If you (or your business) have received the 2024/25 Retail, Hospitality and Leisure Relief on other properties but to a level below the £110,000 cash cap, and you have not received more than the Minimal Financial Assistance limit of £315,000 over 3 years (consisting of the 2024/25 year and the two previous financial years), then do the following:
  • If you (or your business) have received the 2024/25 Retail, Hospitality and Leisure Relief on other properties and you have exceeded the £110,000 cash cap or you have received more than the Minimal Financial Assistance limit of £315,000 over 3 years (consisting of the 2024/25 year and the two previous financial years) then do the following:

The Government and Burnley Borough Council will not tolerate any business falsifying their records or providing false evidence to gain this discount, including claiming support above the cash cap or the exemption threshold. A ratepayer who falsely applies for any relief, or provides false information or makes false representation in order to gain relief may be guilty of fraud under the Fraud Act 2006 and is liable to face prosecution.

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