Retail, Leisure and Hospitality Rates Relief in Wales
The Welsh Government has announced a temporary extension of the Retail, Leisure and Hospitality Rates Relief Scheme for 2024-25 to support eligible occupied properties by offering a discount of 40% on non-domestic rates bills for such properties within the retail, leisure and hospitality sector.
The scheme will apply to all eligible businesses; however, the relief will be subject to a cap on the amount each business can claim across Wales. The total amount of relief available is £110,000 across all properties occupied by the same business. Businesses will also need to declare that they shall not receive more than £315,000 in total of Minimal Financial Assistance (MFA) over three years (financial years 2022-23 to 2024-25 inclusive).
Therefore, all businesses are required to make a declaration that the amount of relief they are seeking across Wales does not exceed the £110,000 cap or the £315,000 MFA. Hence, they will need to complete the above application form.