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Business rates support to shrink for thousands of Covid-hit firms Hard-hit firms including retailers and hospitality businesses will return to rent payments (Dominic Lipinski/PA) Thousands of businesses across the UK are preparing to restart property tax payments as the current £13.8 billion business rates holiday is slashed on Wednesday. In April last year, the Government paused business rates for hard-hit retail, leisure and hospitality firms. Almost 400,000 firms have benefited from the tax break over the past 15 months as part of the Treasury’s financial support package to help the economy back onto its feet. However, the holiday will end in its current form on Wednesday, reducing to a 66% discount for companies with a £2 million cap on the support they can receive.

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