Coronavirus (COVID-19): Business rates update

The March Budget announced significant reductions to business rates for many retail businesses with a rateable value of under £51,000. Further temporary measures were announced to support all occupied businesses in retail, hospitality and the leisure industry.

You may have already received a full business rates demand notice. The relief has now been awarded to the qualifying businesses and an amended bill has been posted.

We are working as quickly as we can on the Business Support Grant Funding and we hope to have the scheme in place very soon. We will pay the grant directly to the qualifying businesses FREE of charge. Check the government’s guidelines to see if you qualify.

If you qualify, please email our business rates team at businessrates@lbhf.gov.uk with your bank details.

You may be contacted by companies offering to secure the grant for you. Approach this option with caution, you are likely to be charged an administration fee. Please click below for further information.

Coronavirus (COVID-19): advice and support for local businesses

Business rates reductions

Your business rates bill may be reduced as a result of one or more of the following being granted:

Discretionary revaluation relief scheme 2017 - If your business rates have increased due to the 2017 revaluation, you may be entitled to help under this scheme. If you meet the attached criteria, please complete an application form and return it to businessrates@lbhf.gov.uk

The discretionary relief scheme awards for 2019/20 are currently under review and qualifying businesses will be notified directly - The scheme is currently in it's third year and ends in 2020/2021.

In addition the government's explanatory notes provide more information on many of these areas.

Rating advisers

Ratepayers do not have to be represented in discussions about their rateable value, their rates bill or applying for discounts/reliefs. However, ratepayers who do wish to be represented should be aware that members of the Royal Institution of Chartered Surveyors (RICS) and the Institute of Revenues, Rating and Valuation (IRRV) are qualified and are regulated by rules of professional conduct designed to protect the public from misconduct.

Before you employ a rating adviser, you should check that they have the necessary knowledge and expertise, as well as appropriate indemnity insurance. Take great care and, if necessary, seek further advice before entering into any contract.

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