Transitional relief will phase in the effect of significant changes in liability, which arise from the revaluation of non-domestic properties.
There are limits on the percentage by which bills may increase each year. Special rules deal with changes in rateable values and the merger or splitting of existing properties. Any new properties entered into the rating list after 1 April 2023 will not be subject to transitional relief for this valuation period.
The limits on increases for the three-year valuation period 1 April 2023 to 31 March 2026 are detailed below. These increases are in addition to any adjustment for inflation (except for year one, 2023/2024)
| Property rateable value | 2023/2024 | 2024/2025* | 2025/2026* |
|---|---|---|---|
| Rateable Value £20,000 or under | 5% | 10% | 25% |
| Rateable Value £20,001 to £100,000 | 15% | 25% | 40% |
| Rateable Value £100,001 or over | 30% | 40% | 55% |
* Year 2 and 3 caps are before inflation. Note: these are year on year caps on increases.
If you are entitled to transitional relief this will automatically be awarded and be shown on your bill.