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Retail Discount

The Government has introduced a new rate relief discount to provide support to businesses. The scheme came into effect from 1st April 2019 and will apply for two years ending 31st March 2021. The Government has announced changes to the scheme from 1 April 2020 where the discount is 100% to those businesses that are eligible. For the 2019/20 financial year, the rate relief was equivalent to a one-third reduction.

 

Qualifying Criteria

The qualifying criteria to award a retail discount is:-

a) The property is occupied, and

b) The property is wholly or mainly being used for a qualifying retail purpose (please refer to the policy below)

For information about which businesses are eligible, see our  adobe icon Expanded Retail Discount Policy [137kb]

 

To apply for a retail discount

To apply for a retail discount, please complete the online application form.

 

Guidance concerning State Aid

Included as part of the retail discount application is a question regarding State Aid.  The Government has said that State Aid is not applicable from 1 April 2020.  However, State Aid does still apply when applying for Business Support Grants.

State Aid law is the means by which the European Union regulates state funded support to businesses. Providing a business rate discount will amount to State Aid. However, retail discount will be State Aid compliant where it is provided in accordance with the De Minimis Regulations (1407/2013).

The De Minimis Regulations allow an undertaking to receive up to €800,000 of De Minimis State Aid in a 3 year period (consisting of the current financial year and the 2 previous financial years).  If you have received De Minimis Staid Aid in the last 3 financial years, we will ask you for details of-

i. the amount of State Aid provided,

ii. its nature,

iii. the provider, and

iv. the date the State Aid was received.

Further information on State Aid law can be found at gov.uk/guidance/state-aid

 

Updated: 3 Apr 2020
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