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You could qualify for relief if your business is mainly being used as a shop, restaurant, cafe, bar or pub.
At the Autumn 2024 Budget, the Chancellor announced that the Retail, Hospitality and Leisure (RHL) relief will reduce from 75% to 40% for qualifying businesses. This will be for the period from the 1st April 2025 to 31st March 2026. This change may impact the level of relief your business currently receives.
The relief is available up to a cash cap limit of £110,000 per business. This cash cap applies at a group company level. This means that holding companies and subsidiaries cannot claim up to the cash cap for each company. Also, this applies to organisations that, while not structured as a company, hold an interest in another company. If these organisations were companies themselves, their ownership stake would classify them as a holding company.
You do not need to re-apply in April 2025, the relief will continue automatically. To be eligible for the Retail, Hospitality and Leisure relief you must not have exceeded either:
Email our business rates team at croynndr@croydon.gov.uk if your business will be in breach of the cash cap.
For the 2024/2025 RHL relief scheme, businesses may choose to opt out of support. To opt out, organisations must notify billing authorities of their request to decline support for each eligible hereditament.
To opt out please email us at croynndr@croydon.gov.uk
For further information, visit GOV.UK Guidance Business Rates Relief: 2025 to 2026 Retail, Hospitality and Leisure Scheme
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