Transitional phasing scheme
Transitional relief limits how much your bill can change each year because of revaluation.
If you're eligible for transitional relief changes to your bill are made gradually,
You will get transitional relief if your:
- property is in England
- rates go up by more than a certain amount
We will change your bill automatically if you are entitled to the relief.
Changes to your bill
How much your bill can change by from one year to the next depends on both:
- your property's rateable value
- whether your bill is increasing as a result of revaluation
The rateable value of your property is set by the Valuation Office Agency. We use this value to work out your business rates bill.
You will not get transitional relief when your bill reaches the full amount set by a revaluation.
The business rates year is from 1 April to 31 March the following year.
| 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 |
The 2023 transitional phasing scheme does not apply if your bill is reducing due to revaluation. You will see the full benefit of the reduction from 1 April 2023.