Introduction
1.1 At the Autumn Budget on 30 October 2024, the Chancellor announced the extension of the business rates relief scheme for retail, hospitality and leisure properties for one year for 2025/26.
1.2 The 2025/26 Retail, Hospitality and Leisure business rates relief scheme will provide eligible, occupied, retail, hospitality and leisure properties with a 40% relief up to a cash cap limit of £110,000 per business. Ratepayers that occupy more than one property will be entitled to relief for each of their eligible properties, up to a total value of £110,000 across all of their properties.
1.3 This document explains how the scheme will operate and the eligibility criteria for businesses in the West Devon Borough Council area.