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 2017 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:
| Business size | RV | 2017/18 | 2018/19 | 2019/20 | 2020/21 | 2021/22 | |
|---|---|---|---|---|---|---|---|
| Upwards cap | Small | Up to £20,000 | 5% | 7.5% | 10% | 15% | 15% |
| Medium | >£20,000 | 12.5% | 17.5% | 20% | 25% | 25% | |
| Large | >£100,000 | 42% | 32% | 49% | 16% | 6% | |
| Downwards cap | Small | Up to £20,000 | -20% | -30% | -35% | -55% | -55% |
| Medium | >£20,000 | -10% | -15% | -20% | -25% | -25% | |
| Large | >£100,000 | -4.1% | -4.6% | -5.9% | -5.8% | -4.8% |