Expanded Retail Discount (ERD):
The Government has carried forward the ERD into rate year 2021/22 with
- 100% relief from 1st April 2021 to 30th June 2021
- 66% relief from 1st July 2021 to 31st March 2022
- There is a cash cap on the EDR as follows
- 1st April 2021 to 30th June 2021 – NONE
- 1st July 2021 to 31st March 2022 – “Relief will be capped at £105,000 per business (cash cap), or £2 million per business (closed cash cap) where the business is in occupation of a property that was required, or would have been required, to close, based on the law and guidance applicable on 5th January 2021”.
Who will qualify for ERD
- Occupied property that is open to the visiting members of the public and wholly or mainly used for
- Shop, restaurant,
café, drinking establishments, car showrooms, live music venues and cinemas
- Assembly or leisure
- Hotels, guest and boarding premises and self-catering accommodation
- Caravan parks and sites
- Estate Agents
- The List above is not exhaustive as is the list set out in the guide document referenced below.
- The guide list of qualifying uses is provided on “Business Rates: Expanded Retail Discount 2021 to 2022 – Local Authority Guidance through the Government Website.
Calculation of ERD:
- ERD is applied to the rate demand calculation after all other reliefs have been applied
mpc.businessratesbudget2021website0321 9th March 2021