Retail, Leisure and Hospitality Rates Relief in Wales
Welsh Government have announced the retail, leisure and hospitality rates relief scheme in Wales for 2022-23.
Properties that will benefit from this relief will be occupied retail, leisure and hospitality properties – such as shops, pubs and restaurants, gyms, performance venues and hotels across Wales.
Relief will be granted to eligible businesses as a reduction to the rates bill based on occupation between 1 April 2022 to 31 March 2023.
The scheme aims to provide support for eligible occupied properties by offering a discount of 50% on non-domestic rates bills for such properties. The scheme will apply to all eligible businesses, however the relief will be subject to a cap in 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. All businesses are required to make a declaration that the amount of relief they are seeking across Wales does not exceed this cap, when applying to individual local authorities.
For the purposes of the scheme, retail properties such as shops, restaurants, cafes and drinking establishments will mean subject to the other criteria in the guidance issued, hereditaments that are being used for the sale of goods to visiting members of the public.