Business rates cut for pubs

The government have announced a £1,000 business rates discount for public houses

The relief announced 27 January 2020, will be available to public houses with a rateable value of less than £100,000 and will apply for one year from April 2020.

Central government will reimburse local authorities that adopt this scheme.

Extracts from the January announcement are reproduced below.

The cut is on top of previously announced plans to slash the bills of small shops by 50%.

As many as 18,000 pubs are expected to benefit from the discount.

The relief will come on top of an extended retail discount, which smaller pubs are also eligible for. Those eligible for both reliefs will get up to £13,500 off their annual bills.

The £13,500 discount is based on a pub with a rateable value of £50,000, generating an annual rates bill of around £25,000. Applying the 50% retail discount reduces the bill by £12,500. The pub would then receive the additional £1,000 pubs relief.

From April this year:

• small shops and cafes will see their bills halved as the retail discount, currently a third off, is extended to 50%

• music venues and cinemas will become eligible for the retail discount

• a £1,500 discount for local newspapers office space will be extended for a further five years

The pubs relief will apply to pubs with a rateable value below £100,000 subject to eligibility. Pubs with a rateable value of below £51,000 already get a one-third reduction in their rates bill through the retail discount. The £1,000 discount is in addition and will apply after the retail discount.

Share:

Share on facebook
Share on twitter
Share on pinterest
Share on linkedin

Related News

New measures to sort late payers

New proposals have been outlined by government to ensure small businesses in the UK are paid on time. Currently £23.4 billion worth of late invoices

Tax Diary October/November 2020

1 October 2020 – Due date for Corporation Tax due for the year ended 31 December 2019. 19 October 2020 – PAYE and NIC deductions

Smart Data laws on the way?

Consumers and small businesses will benefit from better deals and savings through innovative services, thanks to new Smart Data laws proposed by government. Smart Data

Quick Links

Online References...
Client Testimonials
Meet the Team

Sheffield Office:
2 President Buildings,
Savile Street East,
Sheffield ,
South Yorkshire,
S4 7UQ

Telephone:
0114 272 0306
Fax:
0114 272 6158
email:
sheffield@roystonparkin.co.uk

Opening Hours:

Mon-Wed: 8.30am – 5pm
Thursday: 8.30am – 7pm
Friday: 8.30am – 2pm

Doncaster Office:
3 Railway Court,
Ten Pound Walk,
Doncaster,
South Yorkshire,
DN4 5FB

Telephone:
01302 320444 / 304440
Fax:
01302 342604
email:
doncaster@roystonparkin.co.uk

Opening Hours:

Mon-Thurs: 9am – 5pm
Friday: 9am – 4.30pm