Non-domestic Rates: Tax Allowances

(asked on 25th March 2021) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, with reference to the news story, Business rates relief boosted with new £1.5 billion pot, published on 25 March 2021, what the planned timescale is for local authorities to set up local relief schemes to distribute business rates relief.


Answered by
Jesse Norman Portrait
Jesse Norman
This question was answered on 13th April 2021

The Government has announced a £1.5bn pot of additional business rates relief for businesses affected by the COVID-19 pandemic that are not eligible for the retail, hospitality and leisure business rates holiday. The statement by the Minister of State for Regional Growth and Local Government of 25 March 2021 explained the relief will be allocated to local authorities based on the stock of properties in the area and the sector-specific economic impacts of COVID-19.

Formal guidance will follow in due course, setting out the specific considerations that Local Authorities (LAs) should have regard for when providing relief. Relief will be for LAs to award on a discretionary basis. Funding will be available once the legislation relating to MCC provisions has passed and LAs have established their own local relief schemes. The Government will support LAs to do this as quickly as possible, including through new burdens funding.

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