
The government has announced two major incentives for local businesses affected by the coronavirus: a business rates holiday for the year 2020-21 and cash grants for small businesses. Local Councils or Authorities will deliver the grants to eligible businesses within their boroughs.
• the Small Business Grant Fund (SBGF)
• the Retail, Hospitality and Leisure Grant Fund (RHLG).
| Scheme | Small Business Grant Fund (SBGF) | Retail, Hospitality and Leisure Grant Fund (RHLG) |
| Available to: | ||
| All businesses in England in receipt of Small Business Rates Relief (SBRR) and Rural Rates Relief (RRR) in the business rates system | Businesses in England in receipt of the Expanded Retail Discount (which covers retail, hospitality and leisure) with a rateable value of less than £51,000 | |
| How much | ||
| £10,000 | £10,000
for premises with a rateable value of up to £15,000 |
|
| £25,000
for premises with a rateable value of over £15,000 and less than £51,000 |
||
| Eligibility criteria | ||
| Premises which on the 11 March 2020 were eligible for relief under the business rate Small Business Rate Relief Scheme (including those with a Rateable Value between £12,000 and
£15,000 which receive tapered relief) |
Premises which on the 11 March 2020 had a rateable value of less than £51,000 and would have been eligible for a discount under the business rates Expanded Retail Discount Scheme | |
| Premises which on 11 March 2020 were eligible for relief under the rural rate relief scheme | ||
| Exclusions | ||
| Premises that were not eligible for percentage SBRR relief (including those eligible for the Small Business Rate Multiplier) | Premises with a rateable value of over £51,000 | |
|
Premises occupied for personal uses, e.g. private stables and loose boxes, beach huts and moorings |
These aroccupied for personal uses, e.g. private stables and loose boxes, beach huts and moorings |
|
| Car parks and parking spaces | Car parks and parking spaces | |
| Businesses which as of the 11 March were in liquation or were dissolved | Businesses which as of the 11 March were in liquation or were dissolved | |
This post contains information published by the ACCA and the UK Government.
We are increasingly asked whether the EIS and VCT new limits give growing companies more scope to raise tax-advantaged investments....
We are increasingly asked the same question by production companies and arts organisations: why does a claim that looked routine...
We’re increasingly asked by SME clients whether it’s worth applying for advance assurance before submitting an R&D tax relief claim....
A business can fall behind with a relatively modest VAT or PAYE liability after one difficult trading quarter. Because the...
A client came to APEX last year partway through refurbishing a mixed-use building — offices upstairs, a partly exempt letting...
More UK family firms than ever are employing family members, putting spouses, partners, and children on the payroll as they...
A client came to Apex Accountants earlier this year after inheriting her late father’s house and modest savings. She was...
A recent Upper Tribunal ruling has increased demand for UK VAT group advice by casting doubt over the terms on...
Scottish tax advice for high earners has become more important as Scottish taxpayers earning above £100,000 face one of the...
UK-based sellers trading on Amazon, eBay, Etsy and similar platforms could soon find themselves subject to a very different VAT...