Charity News: Retail, Hospitality, Leisure Business Rates Relief

Charity News: Retail, Hospitality and Leisure Business Rates Relief Scheme
Charity News: Retail, Hospitality and Leisure Business Rates Relief Scheme

Details have been published of how the Retail, Hospitality and Leisure Business Rates Relief Scheme will work. The scheme only applies to England, and it will only apply for the 2022/23 financial year. The scheme will provide a 50% reduction in business rates for eligible properties up to a limit of £110,000 per corporate group.

Eligible occupied properties are those which are wholly or mainly being used as:

  • Shops (including charity shops), restaurants, cafes, drinking establishments, cinemas or live music venues.
  • For assembly or leisure (including museums, galleries, theatres, sports and leisure facilities, village halls and community centres).
  • Hotels, guest and boarding premises or self-catering accommodation. The relief is calculated after any existing mandatory or discretionary reliefs, so for example a charity shop that is already benefiting from the 80% charity relief will for one year receive an additional 10% relief.

Details: Business rates guidance: 2022/23 Retail, Hospitality and Leisure Relief Scheme

Our full Charity Newsletter can be found here.

For more information on our charity services please visit our website or contact Frank Harling on 01932 830664 or charities@wardwilliams.co.uk

About the author

Frank manages a portfolio of both audit and non-audit clients in a range of different sectors and industries, as well as assisting with the running of the corporate services department. He has extensive experience of providing Audit, Accounts preparation, Corporation Tax, VAT, CIS and Payroll. Frank also holds a solid experience with regards accounting and audit in a number of specialist areas, including charities, solicitors and pension schemes.

frank.harling@wardwilliams.co.uk

01895 236335