These measures have been incorporated into the government's commitment to supporting businesses which form part of our communities and high streets, including increasing and extending its business rates retail discount.
Some properties are eligible for discounts from the local council on their business rates. This is called 'business rates relief'.
The government had already increased and expanded the business rates discounts for retail properties in its 2020 budget. It has since recently updated this, meaning that the business rates holiday has now been expanded and will apply to all retail, hospitality, leisure and nursery businesses in England.
In addition to this:
In the Budget 2020 and to help tackle the recent coronavirus outbreak, the government also announced the below:
Local authorities will be responsible for enquiries on the eligibility or payment of the reliefs. According to the budget, any loss of income of the local authorities occurring as a result of the business rates measures will be fully compensated.
In autumn, the government plans to launch a review of business rates, and will report on them then.