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Business Rates - Transitional Relief Scheme from 1 April 2023

From the 1 April 2023 the Government have put into place a transitional relief scheme to limit and phase in increases in rate bills as a result of the 2023 revaluation. Transitional relief will continue to apply until your bill reaches the full amount set by revaluation.

If your bill is increasing from 1 April 2023 as a result of revaluation, the increase will be limited to a certain percentage. The amount of this percentage will depend on your rateable value.

Table showing information 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


Last Updated on Tuesday, September 26, 2023

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