Wealden District Council

Rates Changes: Transitional Arrangements

Definition

All rateable values are reassessed at a general revaluation. The 2017 revaluation takes effect from 1 April 2017. For those that would otherwise see significant increases in their rates liability, the Government has put in place a transitional relief scheme to limit and phase in changes in rate bills as a result of the 2017 revaluation. To help pay for the limits on increases in bills, there are also limits on reductions in bills. Under the transitional scheme, limits continue to apply to yearly increases and decreases until the full amount is due (rateable value times the appropriate multiplier).

Which properties will benefit from relief?

Transitional Arrangements 2017 revaluation (before inflation)
Upward Cap
Property Size 2017/18 2018/19 2019/20 2020/21 2021/22
Small  5.0% 7.5%   10.0%  15.0%  15.0%
Medium  12.5%  17.5%  20.0%  25.0%  25.0%
 Large  42.0%  32.0%  49.0%  16.0%  6.0%

Medium is above £28,000 rateable value in London and £20,000 elsewhere. Large above £100,000

Transitional Arrangements 2017 revaluation (before inflation) Downward Cap
Property Size 2017/18 2018/19 2019/20 2020/21 2021/22
Small  20.0% 30.0%   35.0%  55.0%  55.0%
Medium  10.0%  15.0%  20.0%  25.0%  25.0%
 Large  4.1% 4.6% 5.9%  5.8%  4.8%

Medium is above £28,000 rateable value in London and £20,000 elsewhere. Large above £100,000 

We will automatically show any transitional adjustment on your bill.

If you do not understand your bill or want an explanation of how it has been worked out please contact the Business Rates team using the details below.

Contact Business Rates