Monday
16
June
Newtown businesses urged to apply for rate relief scheme
02/01/2023 @ 10:57
Businesses in Newtown could be missing out on much needed business rate relief.
It has emerged that 870 businesses in Powys have already reduced their business rates by £3.4m through the Retail, Leisure and Hospitality Rate Relief for 2022/2023, according to the county council.
The Welsh Government scheme, which is being administered by Powys County Council, is offering eligible occupied businesses a discount of 50% on the business rates bill for a property.
The scheme will apply to all eligible ratepayers with a relief cap for all your business properties up to a £110,000.
Businesses in Newtown have been urged to apply for the rate relief.
The business must be in the retail, leisure, hospitality or tourism sectors. Examples include shops, pubs, restaurants, self-catering units, sports clubs and bed and breakfasts.
Businesses who meet the eligibility criteria must apply for this rate relief. It will not be automatically awarded like in previous years.
Cllr David Thomas, Cabinet Member for Finance and Corporate Transformation, said: “It is a real difficult time for those businesses in the retail, leisure and hospitality sector that currently face challenging economic times at the same time as trying to recover from the effects of the pandemic.
“I would urge those businesses who have not applied for this rate relief to do so immediately. This scheme closes on the 31 March 2023 so there is still time for businesses to apply.”
Further information on the scheme, including how to apply, can be found online by searching ‘Retail, Leisure and Hospitality Rates Relief 2022 / 2023’ at www.powys.gov.uk
It has emerged that 870 businesses in Powys have already reduced their business rates by £3.4m through the Retail, Leisure and Hospitality Rate Relief for 2022/2023, according to the county council.The Welsh Government scheme, which is being administered by Powys County Council, is offering eligible occupied businesses a discount of 50% on the business rates bill for a property.
The scheme will apply to all eligible ratepayers with a relief cap for all your business properties up to a £110,000.
Businesses in Newtown have been urged to apply for the rate relief.
The business must be in the retail, leisure, hospitality or tourism sectors. Examples include shops, pubs, restaurants, self-catering units, sports clubs and bed and breakfasts.
Businesses who meet the eligibility criteria must apply for this rate relief. It will not be automatically awarded like in previous years.
Cllr David Thomas, Cabinet Member for Finance and Corporate Transformation, said: “It is a real difficult time for those businesses in the retail, leisure and hospitality sector that currently face challenging economic times at the same time as trying to recover from the effects of the pandemic.
“I would urge those businesses who have not applied for this rate relief to do so immediately. This scheme closes on the 31 March 2023 so there is still time for businesses to apply.”
Further information on the scheme, including how to apply, can be found online by searching ‘Retail, Leisure and Hospitality Rates Relief 2022 / 2023’ at www.powys.gov.uk
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