Transitional relief limits how much your bill can change each year as a result of revaluation. This means changes to your bill are phased in gradually, if you’re eligible.
Following the revaluation of business properties from April 2023 there will be a transitional scheme to limit how much a rates bill can increase or reduce due to the revaluation.
The limits will be applied after increasing the previous years bill to allow for inflation.
The percentage by which a bill can change by year depends on the rateable value of the property as shown in the table:
|
Rateable Value |
2023/2024 |
2024/2025 |
2025/2026 |
|---|---|---|---|
|
Up to £20,000 |
5% |
10% (Plus Inflation) |
25% (Plus Inflation) |
|
£20,000 to £100,000 |
15% |
25% (Plus Inflation) |
40% (Plus Inflation) |
|
Over £100,000 |
30% |
40% (Plus Inflation) |
55% (Plus Inflation) |