The government have announced a £1,000 business rates discount for public houses<\/p>\n
The relief announced 27 January 2020, will be available to public houses with a rateable value of less than £100,000 and will apply for one year from April 2020.<\/p>\n
Central government will reimburse local authorities that adopt this scheme.<\/p>\n
Extracts from the January announcement are reproduced below.<\/p>\n
The cut is on top of previously announced plans to slash the bills of small shops by 50%.<\/p>\n
As many as 18,000 pubs are expected to benefit from the discount.<\/p>\n
The relief will come on top of an extended retail discount, which smaller pubs are also eligible for. Those eligible for both reliefs will get up to £13,500 off their annual bills.<\/p>\n
The £13,500 discount is based on a pub with a rateable value of £50,000, generating an annual rates bill of around £25,000. Applying the 50% retail discount reduces the bill by £12,500. The pub would then receive the additional £1,000 pubs relief.<\/p>\n
From April this year:<\/p>\n
• small shops and cafes will see their bills halved as the retail discount, currently a third off, is extended to 50%<\/p>\n
• music venues and cinemas will become eligible for the retail discount<\/p>\n
• a £1,500 discount for local newspapers office space will be extended for a further five years<\/p>\n
The pubs relief will apply to pubs with a rateable value below £100,000 subject to eligibility. Pubs with a rateable value of below £51,000 already get a one-third reduction in their rates bill through the retail discount. The £1,000 discount is in addition and will apply after the retail discount.<\/p>\n","protected":false},"excerpt":{"rendered":"
The government have announced a £1,000 business rates discount for public houses The relief announced 27 January 2020, will be available to public houses with a rateable value of less than £100,000 and will apply for one year from April 2020. Central government will reimburse local authorities that adopt this scheme. Extracts from the January […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-618","post","type-post","status-publish","format-standard","hentry","category-uncategorised"],"_links":{"self":[{"href":"http:\/\/duffyregan.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/618","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/duffyregan.co.uk\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/duffyregan.co.uk\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/duffyregan.co.uk\/index.php\/wp-json\/wp\/v2\/comments?post=618"}],"version-history":[{"count":0,"href":"http:\/\/duffyregan.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/618\/revisions"}],"wp:attachment":[{"href":"http:\/\/duffyregan.co.uk\/index.php\/wp-json\/wp\/v2\/media?parent=618"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/duffyregan.co.uk\/index.php\/wp-json\/wp\/v2\/categories?post=618"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/duffyregan.co.uk\/index.php\/wp-json\/wp\/v2\/tags?post=618"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}