Transitional relief scheme
Transitional relief limits how much your bill can change each year as a result of the business rates revaluation. This means that increases in your bill will be phased in gradually, if you are eligible. The most recent revaluation (Revaluation 2023) is effective from 1 April 2023. Read more information about Revaluation 2023 on GOV.UK.
From the 2023 to 2024 tax year you will get transitional relief if your property is in England and your Business Rates go up by more than a certain amount. Your bill will be adjusted automatically if you are eligible.
The amount of transitional relief you receive can change from one year to the next. You will stop receiving transitional relief once your bill reaches the full amount set by the revaluation.
| Rateable value | 2023 to 2024 | 2024 to 2025 | 2025 to 2026 |
|---|---|---|---|
| Up to £20,000 (£28,000 in London) | 5% | 10% plus inflation | 25% plus inflation |
| £20,001 (£28,001 in London) | 15% | 25% plus inflation | 40% plus inflation |
| Over £100,000 | 30% | 40% plus inflation | 55% plus inflation |
We will automatically calculate any transitional arrangement against your business rates bill - there is no need to apply for it.
Read more about business rates relief on GOV.UK, including transitional relief.
Transitional certificates
If you have received a transitional certificate issued by the Valuation Office Agency, the transitional certificate value will be used in the business rates calculation for your property instead of the usual rateable value.
If you disagree with the value of the certificate, contact the Valuation Office Agency (VOA).