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Transitional phasing or relief

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 percentage by which a bill can change in 2017/18 compared to the 2016/17 bill depends on the rateable value of the property as shown in the table;

Business Size

RV

2017/18

Upwards Cap

Small

Up to £20,000

5.0%

Medium

>£20,000

12.5%

Large

>£100,000

42.0%

Downwards Cap

Small

Up to £20,000

-20.0%

Medium

>£20,000

-10.0%

Large

>£100,000

-4.1%

The limits will be applied after increasing the 2016/17 bill by 2.0% to allow for inflation (based on the retail priced index at September 2016).