2022/23 Retail, Hospitality and Leisure Relief

2022/23 Retail, Hospitality and Leisure Relief’

2022/23 Retail, Hospitality and Leisure Business Rates Relief scheme

At the Budget on 27 October 2021, the Chancellor announced that eligible, occupied retail, hospitality and leisure properties will receive a 50% relief, up to a cash cap limit of £110,000 per business.

Relief will be provided to eligible occupied retail, hospitality and leisure properties in 2022/23. Relief will be awarded within the period 1 April 2022 to 31 March 2023.

In line with the conditions set by the government for the funding of this relief, ratepayers may only claim up to £110,000 of support under the 2022/23 Retail, Hospitality and Leisure Relief Scheme for all of their eligible hereditaments. This cash cap applies at a Group company level (so holding companies and subsidiaries cannot claim up to the cash cap for each company) and also to organisations which, although not a company, have such an interest in a company that they would, if they were a company, result in its being the holding company. Further information on the qualifying criteria and cash caps can be found on the Government website here.

Furthermore, the Retail, Hospitality and Leisure Relief Scheme is subject to the subsidies chapter within the UK-EU Trade and Cooperation Agreement (TCA). The subsidies chapter within the TCA only applies to subsidies over the value of approximately £343,000 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). Extended Retail Discounts granted in 2020/21 or 2021/22 do not count towards the limit. Covid business grants received from local government and any other subsidy claimed under the Small Amounts of Financial Assistance limit over the 3 year period should be counted.

Therefore, to claim the Retail, Hospitality and Leisure relief you must not have exceeded either the £110,000 cash cap for 2022/23 or the Small Amounts of Financial Assistance limit of £343,000 over 3 years (including 2022/23).

If you would like to opt out of receiving this relief, please email BusinessRates@stoke.gov.uk to advise us of this. We may require you to complete a declaration to confirm this.

You have until 30 April 2023 to opt out. You cannot subsequently withdraw your refusal at a later date.