Transitional relief limits how much a business rates bill can change each year as a result of the business rates revaluation. The new revaluation will take effect from the 1st of April 2023.
This means that the increase to your bill are phased in gradually, if you are eligible.
From the 2023/2024 year you’ll get transitional relief if your business rates if your bill has increased by a certain amount. You stop getting transitional relief when your bill reaches the full amount set by the revaluation.
How much your bill can change?
Small properties have a rateable value up to £20,000, medium between £20,001 to £100,000 and large have a rateable value of over £100,000.
Please note that for the 2024/2025 and 2025/2026 years transitional relief will also include inflation.
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.