50% business rates relief for retail, hospitality & leisure from April 2022

October 27, 2021|In KRW Tax news|By Keith Witchell

A new temporary 50% business rates discount was announced for these sectors, in a bid to help their recovery after the pandemic, which will apply from April 2022 to March 2023, capped at £110,000 per business. In addition, the rates multiplier which was due to apply in April 2022 will be frozen for the second year running, to avoid unwelcome rates increases for recovering businesses.

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Keith Witchell