The Wales guidance was released 27th March 2020. The scheme wording is very similar to England but as per usual there are some slight nuances. The main difference is the reversal of the retail discount scheme for properties with an RV of over £500k regardless of property type. This seems like a badly thought through measure that will cause some large hotels significant issues.
All retail, leisure and hospitality businesses will receive 100% business rates relief for 2020-2021. This has been extended to include estate and letting agents and cinemas. It represents a significant increase over the 2019/20 position where the ‘High Street Relief’ scheme gave a discount of up to a maximum of £2,500 per property.
There are some significant differences between England and wales, children’s play centres for instance won’t receive relief in Wales but will in England.
Again, the guidance for what constitutes retail is exactly the same as under the original scheme. The definition of retail hasn’t been extended and whilst obvious property descriptions will receive relief automatically, those occupying grey areas will not.
Wales – Additional Grant Assistance
All businesses in Wales that receive Small Business Rates Relief (up to £12,000 RV) will receive a grant of £10,000.
Businesses in the Retail, leisure and hospitality sectors with a Rateable Value between £12,001 and £51,000 will receive a grant of £25,000.
Business not classed as retail, leisure or hospitality will not receive a grant.
There is a clear omission in the Wales guidance. There is no provision for properties with a rateable value under £12,000 who don’t get SBRR to receive a grant.
The latest guidance from the Welsh assembly states that Grant Assistance must be applied via an online portal. We’re happy to provide support and assistance on a cost effective basis.
