Today the Welsh Government are announcing a package of support worth more than £200 Million to support smaller businesses in Wales during the Coronavirus outbreak.
Retail, leisure and hospitality businesses with a rateable value of £51,000 or less are able to receive a 100% business rate relief.
Pubs with a rateable value of between £51,000 and £100,000 will receive a £5,000 reduction on their bill.
Finance Minister Rebecca Evans announced this decision, stating:
“I’m pleased we can offer this package of support to businesses as part of our response to the coronavirus outbreak. We are allocating every penny of the funding we will be receiving as a consequence of the schemes the UK Government announced in England last week to support businesses in Wales.
But I know that helping businesses with their rates bills will not be enough to protect them from the severe drop in custom many are experiencing as coronavirus cases increase.
We will be calling on the UK Government to act quickly and decisively to provide a very significant support package for vulnerable businesses and their employees.”
HMRC Tax Helpline:
This has been set up for businesses and self-employed people who have concerns about paying their tax due to COVID-19
Call 0800 0159 559 for help and advice.
Business Wales Helpline:
Get help with your business online or call Business Wales Helpline
Telephone: 0300 060 3000
Monday to Friday, 8:30am to 5:30pm
To keep up to date with the Welsh Government on Coronavirus please Click Here
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