Rates and Valuation
Property values can change considerably in between each revaluation.
Transitional Relief helps to soften the impact of these changes to the Business Rates bill. Large increases are restricted so businesses are not suddenly asked to pay much bigger amounts. This is offset by limiting big gains where businesses would have to pay significantly less
Under the transition scheme, the limits continue to apply to yearly increases and decreases until the full amount is due.
We will automatically include transitional relief when we calculate your bill.
If there are any changes to the property after the revaluation date, Transitional Relief will not apply to the part of a bill that applies to any increase in rateable value due to those changes.
Helpful advice and financial help from government-backed schemes is available here.