The Welsh Government launched the high street rates relief scheme in April 2017 to provide targeted support for business affected by the independent revaluation and by the growth of internet sales.
The scheme has been extended for a further year. The enhanced scheme for 2020/21 will go significantly further than in previous years, providing support to all retailers in Wales with a rateable value of up to £50,000.
The enhanced high street rates relief scheme will provide support of up to £2,500 towards non-domestic rates bills for retail properties with a rateable value of up to £50,000.
As well as increasing the level of support for retailers on the high street, the enhanced scheme will support retailers in other locations. Ratepayers who will benefit from the relief include those with occupied retail premises, such as shops, restaurants, cafes, pubs and wine bars.
The eligibility criteria for qualifying businesses for the enhanced high street and retail rates relief scheme are as follows.
- Hereditaments that are being used wholly or mainly for the sale of goods to visiting members of the public.
- Hereditaments that are being used wholly or mainly for the provision of the retail services to visiting members of the public
- Hereditaments that are being used wholly or mainly for the sale of food and/or drink to visiting members of the public.
The relief will exclude:
- Hereditaments with a valuation of more than £50,000.
- Hereditaments not reasonably accessible to visiting members of the public.
- Hereditaments that are not occupied.
- Hereditaments that are in receipt of mandatory charitable rates relief.
Further details of the scheme are available on the Welsh Government website.