Retail, Hospitality and Leisure Relief 2023-24
In the Autumn Statement 2022 , the Chancellor announced that eligible businesses will get 75% relief on their business rates bills for the year 2023/24.
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 £315,000 per beneficiary over a three-year period. This is called the Small Amounts of Financial Assistance limit. It covers three years, and includes the 2023/24 financial year, plus the two previous financial years.
If you were awarded the Extended Retail Discount in 2020/21, 2021/22 or 2022/23, 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.
If you received Retail, Hospitality and Leisure relief in 2022/23, we have applied this relief for the 2023/24 financial year automatically.
If you received the relief automatically, you will still need to complete the form to ensure you still meet the criteria below.
If you have not previously received this relief, you will need to apply.
You can only apply if you have not exceeded either:
- the £110,000 cash cap for 2023/24, or
- the Small Amounts of Financial Assistance limit of £315,000 over three years (including 2023/23)