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<p>The Budget announced a three-month extension to the business rates holiday for
eligible businesses in the retail, hospitality and leisure sectors that was provided
at Budget 2020. This means over 350,000 properties will pay no business rates for
three months.</p><p> </p><p>From 1 July 2021, 66% relief will be available subject
to a cash cap that depends on whether businesses have been required to close or were
able to open. This additional relief takes the total value of support in 2021-22 to
£6 billion and means the vast majority of businesses will on average receive 75% relief
across the year.</p>
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