You will be entitled to a 75% discount for 2023/24 financial year up to a maximum of £110,000 provided your business is trading from the property and used for a qualifying purpose as long as you comply with the subsidy rules.
Subsidy rules
Business Rates Retail, Hospitality and Leisure Relief Scheme is subject to the subsidies chapter within the UK-EU Trade and Cooperation Agreement (TCA). This only applies to subsidies over the value of approximately £315,000 per beneficiary over a 3-year period (consisting of the current financial year and the two previous financial years) (the Small Amounts of Financial Assistance limit).
Expanded retail discounts granted in 2020/21 or 2021/22 do not count towards the limit. Covid business grants received from local authorities and any other subsidy claimed under the Small Amounts of Financial Assistance limit over the 3 year period should be counted.
Therefore, to claim Retail, Hospitality and Leisure Relief (RHLR) relief you must not have exceeded either the £110,000 cash cap for 2023/24 or the Small Amounts of Financial Assistance limit of £315,000 over 3 years (including 2023/24).
If you or your organisation has more than one business premises receiving the expanded retail discount in England, you must complete the declaration form, link below. You must complete this form even if you do not exceed the cap.
Please see Business Rates Relief: 2023/24 Retail, Hospitality and Leisure Scheme - GOV.UK (www.gov.uk) for more information.
Please contact the business rates department if you are unsure if you qualify on 020 8753 6681 (option 6) or by email businessrates@lbhf.gov.uk.
If your circumstances have changed and you are no longer entitled to the retail discount, you must inform the council.
Apply
If your company has more than one property, you must declare each property by completing the declaration form.