Covid-19 Grants and Business Rates Support

27 March 2020 Scott Burkinshaw Radius - R&D Tax Relief & Patent Box, Business Taxes, Covid-19

To help smaller businesses affected by the COVID19 situation the government will provide two grants and further Business Rates support.

Last updated 30.03.30

£10,000 grant for all small businesses in England

Small businesses (up to 250 employees) across all sectors whose property/properties already benefit from Small Business Rates Relief (SBRR), Rural Rates Relief (RRR) and Tapered Relief (TR), will receive a grant of £10,000 per property for which they pay Business Rates.

£10,000 or £25,000 grant for Retail, Hospitality and Leisure Businesses in England

Businesses in the Retail, Hospitality and Leisure sectors whose property/properties have a rateable value of up to £15,000 (and do not benefit from SBRR, RRR or TR as above) will receive a grant of £10,000 per property for which they pay Business Rates. Those whose property/properties have a rateable value of between £15,000-£51,000 (and do not benefit from SBRR, RRR or TR as above) will receive a grant of £25,000 per property for which they pay Business Rates.

This is applicable where business premises are used as shops, restaurants, cafes, drinking establishments, cinemas and live music venues; those used for assembly and leisure; and hotels, guest & boarding premises and self-catering accommodation - see more details and an extensive list of categories.

Only one of these grants will be provided for each applicable property. 

Business Rates holiday in England for Retail, Hospitality and Leisure businesses

Businesses will pay no Business Rates in the 2020/21 period where their premises are used as shops, restaurants, cafes, drinking establishments, cinemas and live music venues; those used for assembly and leisure; and hotels, guest & boarding premises and self-catering accommodation - see more details and an extensive list of categories.

This holiday will be applied automatically for the 2020/21 Council Tax period (April 2020 to March 2021) and there is no limit to rateable values. Local authorities may have to reissue bills automatically to exclude the business rate charge.

Accessing the support

Initial guidance from the government stated that local authorities will get in touch with all applicable businesses and process the grants. Whilst this should be the case, we advise that businesses get in touch now with their relevant authority (the authority/related body to which a business pays its Business Rates) and complete the applicable online forms or register their details as appropriate.

Timing of payments

The Business Rates Holiday will apply immediately and the grants will be paid as soon as the local authorities can process them. Our understanding is that some authorities have already begun to make payments whilst others have opened portals for businesses to register in advance of payments being made. At this stage it is unclear exactly when payments will be received by businesses but there seems to be a consensus of this being by mid-April (with the local authorities receiving their funding for the process 1 April).

The type of information you will or may be required to provide includes: Business Rates account reference, bank details to which the grant will be paid, company number, copy of bank statement or letter (upload), rateable value of the property, Unique Tax Reference (UTR) number (found on your Corporation Tax return),

Local authority links and information

Business Sheffield  - fill in the online form now

Enterprising Barnsley - fill in the online form now

Rotherham (RIDO): - fill in the online form now

Doncaster Council: - register details now

Chesterfield Council: - fill in the form now and email

Bassetlaw Council: - fill in the online form now

Business Rates calculator:

Please do get in touch with your normal Shorts contact to talk things through, or one of our Covid-19 support coordinators (David RobinsonScott Burkinshaw or Martin Dean). 

Please be assured that we are ready to help.

Contact us

Other related news:

 

COMPLETE THE FORM AND A SPECIALIST WILL BE IN TOUCH

Free Consultation

Simply complete the form and one of our team of specialists will be in touch within one working day.

Begin your journey with us today

Drop us a line today to see how we can help your business thrive
GET IN TOUCH