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solving business problems.

Adding value by
solving business problems.

Latest News

Archiving international trade documents
08/04/2021 - More...
There are important rules that all businesses must follow to keep business and accounting records accessible if

National Minimum and Living Wage increases 1 April 2021
08/04/2021 - More...
The new National Minimum Wage (NMW) and National Living Wage (NLW) rates came into effect on 1 April 2021. The new rate

Companies can claim super-deduction from 1 April
08/04/2021 - More...
The new super-deduction tax break, that will allow companies to deduct 130% of the cost of any qualifying investment

£1.5bn boost for rates relief

Source: HM Treasury | | 01/04/2021

A new Business Rates relief fund will provide a £1.5 billion tranche of support to businesses outside the retail, hospitality, and leisure sectors affected by COVID-19.

Retail, hospitality and leisure businesses have not been paying rates during the pandemic as part of a 15 month-long relief which runs to the end of June this year. Many businesses that were banned from applying these reliefs have been appealing for discounts on their rates bills, arguing the pandemic represented a ‘material change of circumstance’ (MCC).

The government has rejected these claims for relief on the basis that market-wide economic changes to property values, such as from COVID-19, can only be properly considered at general rates revaluations, and will therefore be legislating to rule out COVID-19-related MCC appeals.

The government will instead provide a £1.5 billion pot that will be distributed to businesses in England affected by the pandemic and not on estimates of the impact on a property’s value. This method is designed to ensure the support is provided in the fastest and fairest way possible.

The funding will be allocated to local authorities based on the stock of properties in the area whose sectors have been affected by COVID-19. Local Authorities will use their knowledge of local businesses and the local economy to make awards.



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London W1U 6TU

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