Transitional Relief
Transitional relief limits how much your bill can change each year as a result of the business rates revaluation. The next revaluation will come into effect on 1 April 2023.
This means changes to your bill are phased in gradually, if you’re eligible.
rom the 2023 to 2024 tax year you’ll get transitional relief if your rates go up by more than a certain amount.
How much can your bill change by?
How much your bill can change by from one year to the next depends on both:
• your property’s rateable value
• whether your bill is increasing or decreasing as a result of revaluation
If your bill is increasing from 1 April 2023
|
Rateable value |
2023 to 2024 |
2024 to 2025 |
2025 to 2026 |
|---|---|---|---|
|
Up to £20,000 |
5% |
10% plus inflation |
25% plus inflation |
|
£20,001 to £100,000 |
15% |
25% plus inflation |
40% plus inflation |
|
Over £100,000 |
30% |
40% plus inflation |
55% plus inflation |