Skip to main content

Statement from the Chair of Cotswold District Council following the death of HRH Prince Philip - Read more here

Rate relief

The rate relief on this page is from 1 April 2020 to 31 March 2021.

Expanded Discount 

In March 2020 the Government announced measures to limit the spread of coronavirus. They expanded the existing Retail Discount scheme to 100% relief for all eligible properties in the retail, hospitality and leisure sector for this financial year (until 31 March 2021). This relief is not subject to State Aid rules.

This scheme has replaced the Retail Discount and the Pub Discount.

Eligibility

You are eligible if your property is a:

  • shop
  • restaurant, café, bar or pub
  • cinema or live music venue
  • assembly or leisure property, for example, a sports club, a gym or a spa
  • hospitality property, for example, a hotel, a guest house or self-catering accommodation

We have identified the businesses we believe are eligible for Expanded Retail Discount  and it will  show on their bills. If the discount is not showing on your bill, but you believe you are eligible, please contact us.

Rate relief following the 2017 revaluation

The rateable values of all non-domestic properties were reassessed by the Valuation Office Agency in 2017. 

The Government has funded two reliefs to help reduce the impact of business rate increases following the revaluation. The ratepayer must have been in occupation on 31 March 2017 to qualify for this relief.

  • The Supporting small businesses scheme is for small businesses which, as a result of the revaluation, lost some or all of their small business rate relief or rural rate relief and were facing an increase in their bill of over £600.00 in 2017
  • The £300 million discretionary relief fund was made available nationally. Payable over four years, it enables billing authorities to support businesses facing the steepest increases in their Business Rates. Our scheme has been designed to help businesses with a rateable value of less than £200,000 who were facing an increase in their bill of over £600.00 in 2017

Small business rate relief

Many businesses with rateable values below £12,000 will pay nothing. Those with rateable values between £12,001 and £14,999 will receive relief on a sliding scale. Businesses with a rateable value below £51,000 will benefit from having their charge calculated using the small business rate multiplier.

Examples of calculations

Basic calculation:

  • rateable value x small business multiplier  £19,000 x 0.499 = £9,481.00 rates payable
  • rateable value x standard multiplier £55,000 x 0.512 = £28,160.00 rates payable

Small business rate relief:

  • rateable value x small business multiplier  £14,000 x 0.499 = £6,986.00 payable before relief
  • Small business rate relief on a sliding scale £4,658.00 rates payable and £2,328.00 relief