Welsh Government has published revised guidance in relation to self-catering accommodation. In accordance with the new guidance, properties will not be eligible for grant unless the following criteria are met:
• The self-catering accommodation can produce two years of trading accounts to 31 March 2019
• The self-catering accommodation must actually have been let for a period of 140 days or more in the financial year 2019-20
• The self-catering accommodation business must be the primary source of income for the owner (minimum threshold is 50%).
Local authorities have full discretion to request and examine trading business accounts, booking lists and self-assessment tax returns submitted to HMRC for the financial year ending 31 March 2019 if additional evidence is required to demonstrate that these criteria are met. In cases where local authorities have decided to request additional evidence and the evidence shows that the scheme criteria are not met, local authorities are required to withhold payment of grant.
These requirement are relevant to both Grant 1 and Grant 2.
Grant 1 – A grant of £25,000 is being made available for retail, leisure and hospitality businesses occupying properties with a rateable value of between £12,001 and £51,000.
Grant 2 – A £10,000 grant to all businesses eligible for small business rates relief (SBRR) in Wales with a rateable value of £12,000 or less.
Further details available on each of LA websites: