Skip to content

COVID-19 Business Rates Holiday Winds Down

Information as of 1 July 2021

Early on during the COVID-19 crisis, both the UK and Scottish Governments paused the payment of business rates for retail, leisure and hospitality firms.

For businesses in England, this business rates holiday ends as of today (1 July 2021) and is replaced with a rates discount.

Affected businesses will now see their rates reduced by two-thirds for nine months until 31 March 2022. There will be also be a cap of £2m on the amount of relief available for those businesses whose premises were forced to close during the pandemic. For those businesses who were legally allowed to open during the national lockdown starting 5 January the cap is £105,000.

For retail, hospitality, leisure and eligible aviation businesses based in Scotland, the 100% rates relief will continue to be available until at least 31 March 2022. However, from April 2021, you need to fill in an application form with your local council to receive this relief.

It is believed that almost 400,000 firms have benefited from the tax break over the past 15 months as part of the Treasury’s COVID-19 financial support package.

Another change today includes removal of the nil rate Stamp Duty Land Tax (SDLT) introduced in Summer 2020 on property or land purchases of up to £500,000 in England and Northern Ireland.  The threshold where SDLT starts to apply will is to £250,000 until 30 September 2021 before returning to £125,000 on 1 October 2021.

To check all the latest COVID-19 business measures visit our COVID-19 updates page.

Back to News and Events

News and Events

Global Markets Performance Update – 2021 Quarter 4

Despite the rapid spread of the new Omicron variant, the final quarter of 2021 was a positive one for those investors with well-diversified portfolios.

COVID-19: Summary of Financial Support Measures – last updated 18 January 2022

This article summarises the current business support measures the UK and Scottish governments, along with other NGBs and organisations have introduced as a result of the COVID-19 outbreak.

GWA Investment Webinar – Make the most of your year end tax reliefs

27 January 2022

‘Tis the Season ….to Get Ready

As we start 2022 we would like to remind you of some important tax deadlines coming up in the early part of the year.