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:
|Upwards cap||Small||Up to £20,000||5%||7.5%||10%|
|Downwards cap||Small||Up to £20,000||-20%||-30%||-35%|