Business Rates Retail Discount Scheme – Shropshire
Alessio Dyfnallt at Cooper Green Pooks is pleased to report welcome good news for the retail sector countrywide which will alleviate some of the pressure on the retail sector. In the Autumn Budget on 29 October 2018, the Government announced that it will provide for a business rates Retail Discount scheme in each of the 2019-20 and 2020-21 financial years.
Shropshire Council have published details on the discount available advising Retail properties with a Rateable Value of less than £51,000 that are wholly or mainly being used as; shops, restaurants, cafes and drinking establishments are eligible for a 1/3 discount.
The value of the discount will be one third of the bill after any other reliefs have been applied.
For full details of eligibility and an application form to apply for relief – see link
For commercial requirement and consultancy contact Alessio Dyfnallt
in our Commercial Department 01743 276646 firstname.lastname@example.org
For commercial management contact Hugh Carter
in our Commercial Department 01743 276612 email@example.com