The new Business Rate Retail Relief comes in to effect as of this month. All eligible retailers will receive a one third discount on their business rate bills for two years, as part of the Government’s plans to support the high street.
This discount is available to occupied retail properties with a rateable value of less than £51,000 in 2019/20 and 2020/21. You will have received a letter with last month’s Chichester BID newsletter that featured a report on Business Rate Retail Relief and how Chichester District Council plans to implement this new discount.
Your Rates Bill in March should have included the Retail discount, however the Chichester BID Team discovered that Chichester District Council sent out un-amended bills in March 2019 (i.e. without reflecting the discount), but planned to send a revised bill that should show the discount in April. If you do not receive a revised bill in April, you can apply for the discount by visiting the Chichester District Council website, where you will find an online application form and the guidance notes from the Ministry of Housing, Communities and Local Government for all supporting information.
It’s important that you fill in the form and apply for the discount, if you are eligible, as it will save you money.
The BID Team will be liaising with Chichester District Council to ensure that we can continue to support you and keep you informed with the latest information and advice.
Should you have any concerns or queries on any of above, please contact the BID Team in the first instance on 01243 773263.