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Business rates holiday extended for some

 
Created on 02/04/2021 @ 08:24

Some Newtown businesses will benefit from an extended business rates break.

Eligible retail, hospitality, and leisure businesses in Powys will benefit from this month, Powys County Council has confirmed.
 
Businesses in these sectors with a rateable value of less than £500,000 will continue to pay no rates at all for another year, from 1 April 2021 until 31 March 2022.
 
Welsh Government announced the extension to the scheme in Wales to support businesses in their longer-term recovery from the economic effects of the coronavirus.
 
Jane Thomas, Head of Finance at Powys County Council, said: “Rates bills for the new financial year 2021/22 have just been sent out and the discount has been included for eligible businesses.
 
“In total, 1,380 business across Powys will benefit from the rates relief which amounts to £11.4m in discounts.
 
“This support is in addition to the millions of pounds in business grants that the council continues to pay out.
 
“The grants have been a welcome sight in bank accounts, and we hope businesses will be pleased to see their discounted rates bill when it arrives.”
 
Some businesses may choose to opt out of rate relief for 2021/22 and they can do this by contacting the council’s Business Rates Team – revenues@powys.gov.uk