As announced in the budget 29 October 2018, the Government will be introducing a Retail Discount Scheme for occupied retail properties with a rateable value of less than £51,000 in each of the years 2019-20 and 2020-21.
Properties covered by the scheme include those operated wholly or mainly as a shop, restaurant, café or drinking establishment.
The discount will be the equivalent to one third of the bill after mandatory and other discretionary reliefs have been applied.
The Retail Relief Scheme is subject to State Aid Rules, which allows a maximum of €200,000 to be awarded in a three-year period (this consists of the current year and the two previous financial years).
To apply for relief, visit www.torbay.gov.uk
