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Non-domestic Rates

Treasury written question – answered on 24th March 2020.

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Photo of Kevan Jones Kevan Jones Labour, North Durham

To ask the Chancellor of the Exchequer, what support the Government is providing to businesses that operate from residential residences and therefore do not receive small business rate relief.

Photo of Jesse Norman Jesse Norman The Financial Secretary to the Treasury

A range of measures to support all businesses has been made available. These include the Coronavirus Business Interruption Loan Scheme, allowing businesses to benefit from loans of up to £5m, with the first 12 months of that finance interest free, and the Coronavirus Job Retention Scheme to help keep people in employment. This scheme means businesses can put workers on temporary leave and the Government will pay cash grants of 80% of their wages up to a cap of £2,500 per month, providing they keep the worker employed. They will receive the grant from HMRC, and all UK organisations can self-certify that they have furloughed employees. The scheme will cover the cost of wages backdated to 1 March.

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