Britain’s Sainsbury’s to waive pandemic business rates relief

Britain’s Sainsbury’s to waive pandemic business rates relief

Britain's Sainsbury's follows rivals in paying business rates during pandemic Tesco and Morrisons decided to forgo business rates relief    People walk past a Sainsbury's store in Milton Keynes, Britain November 5, 2020. LONDON - British supermarket group Sainsbury's has followed market leader Tesco and Morrisons in deciding to forgo relief on business rates on its stores during the COVID-19 pandemic.The group said on Thursday it would now pay 410 million pounds ($549.5 million) of business rates in its year to March 2021 and 30 million pounds in the following year.In March, the government and Britain's devolved administrations exempted all retailers from paying the tax on their store networks for the 2020/21 financial year to help them get through the crisis.The group said on Thursday it would now pay 410 million pounds ($549.5 million) of business rates in its year to March 2021 and 30 million pounds in the following year.LONDON - British supermarket group Sainsbury's has followed market leader Tesco and Morrisons in deciding to forgo relief on business rates on its stores during the COVID-19 pandemic.In March, the government and Britain's devolved administrations exempted all retailers from paying the tax on their store networks for the 2020/21 financial