Released 23 March 2021
HM Treasury (HMT) has published an interim report in connection with the ongoing review of business rates.
The report contains a summary of responses to the recent call for evidence, and sets out the policy decisions announced at the 2021 Budget on 3 March 2021.
In his 2021 Budget statement, the Chancellor announced that the 100% business rates holiday will continue for the first three months of the year, through to June. For the remaining nine months of the year, the discount will be two-thirds, up to a value of £2m for closed businesses, with a lower cap for those who have been able to stay open.
View the interim report.