Asda to repay £340m in business rates relief

Asda petrol station

Asda has become the latest in a growing list of grocers to voluntarily waive business rates relief and repay the government in full.

The grocer said today it would repay the £340m it had received in business rates relief in full to the UK government and devolved administrations. 

It comes after Tesco, Morrisons, Sainsbury’s and Aldi all made the move in the last 24 hours, returning in excess of £1.7bn in tax breaks back to the government. 

“Despite the significant operational challenges created by Covid-19, we have successfully and safely served customers in our stores since March, kept our prices low, expanded our online business and provided deliveries to protect the vulnerable,” said Asda in its statement. 

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