At the Budget on 27 October the Chancellor announced the introduction of a new business rates relief scheme for retail, hospitality and leisure properties worth almost £1.7 billion in 2022/23.

This will support the businesses that make our high streets and town centres a success and help them to evolve and adapt to changing consumer demands.

The 2022/23 Retail, Hospitality and Leisure Business Rates Relief scheme will provide eligible, occupied, retail, hospitality and leisure properties with a 50% relief, up to a cash cap limit of £110,000 per business. See the Government guidance.

Subject to the £110,000 cash cap per business, the total amount of government-funded relief available for each property for 2022/23 under this scheme is:

For chargeable days from 1 April 2022 to 31 March 2023, 50% of the chargeable amount.  This relief will be applied after other mandatory and certain discretionary reliefs have been applied.

Further important Information for businesses in receipt of the Retail, Hospitality and Leisure Relief Scheme is available to download.

If you do not want to receive 2022/23 Retail, Hospitality and Leisure Relief or if you will exceed the cash cap, you can opt out. However once you have asked to opt out you cannot change your decision.

To opt out of the Retail, Hospitality and Leisure Relief Scheme please use our Retail, Hospitality and Leisure opt out form.