Wheeler and Lai Surveyors

Business Rates – 100% relief for retailers for 1 financial year!

Following the Chancellor’s delivery of his first budget, it was good to hear that business rates for retailers, including restaurants, cinemas & music venues in England with a rateable value below £51,000 are receiving 100% exemption for a year.?

This tax break will save businesses thousands, and with the world affected by Coronavirus, we hope this saving will also save some businesses going out of business??️

With regard to pubs ( rateable value below £100,000), the government had previously committed to introducing a £1,000 business rate discount, this will now increase to £5,000. ?



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