Retail, Hospitality and Leisure Relief 2022-23
In October 2021, the Chancellor announced that eligible businesses will get 50% relief on their business rates bills for the year 2022/23.
This is called the Retail, Hospitality and Leisure Relief Scheme, and is capped at £110,000.
The cap applies:
- at a group company level, so holding companies and subsidiaries cannot claim up to the cash cap for each company)
- to businesses that have an interest in another company that would result in its being the holding company
The scheme is subject to the subsidies chapter within the UK-EU Trade and Cooperation Agreement (TCA).
This only applies to subsidies over £343,000 per beneficiary over a three-year period. This is called the Small Amounts of Financial Assistance limit. It includes the current financial year plus the two previous financial years.
If you were awarded the Extended Retail Discount in 2020/21 or 2021/22, this does not count this towards the limit.
However, any COVID-19 business grant or any other subsidy claimed under the Small Amounts of Financial Assistance limit over the three year period does count.
We have not applied this relief for the 2022-23 financial year automatically. This is because some businesses will not be eligible, and we would have to claim the relief back.
This means you need to apply for the Retail, Hospitality and Leisure Relief if you want it applied to your Business Rates account.
You can only apply if you have not exceeded either:
- the £110,000 cash cap for 2022/23, or
- the Small Amounts of Financial Assistance limit of £343,000 over three years (including 2022/23)