Business Rate Reductions
If the rateable value of your property changes significantly as a result of revaluation, either upwards or downwards, your rates will change gradually. This is called 'transitional relief'.
You do not need to apply for transitional relief as it will be automatically applied to your bill.
There are limits to how much your rates can increase or decrease, and the changes will be introduced gradually year on year. This means that you will not benefit from a significant reduction straightway, but equally you will not be burdened with a high increase from year one of a new valuation period.