4. Retail discount
Retail businesses in East Devon may qualify for a discount of one third off their business rates bill in 2019/20 and 50% in 2020/21, provided they meet certain criteria. Premises must:
- be wholly or mainly used as either a shop, restaurant, cafe or drinking establishment, and from 1 April 2020 also a cinema or music venue; &
- have a rateable value less than £51,000.Ratepayers who occupy more than one property will be entitled to a discount for each of their eligible properties, subject to State Aid limits.
The discount is due to end on 31 March 2021.
Government guidance is available in the Business Rates section of their website.