Transitional relief
Transitional relief limits how much your bill can change each year as a result of business rates revaluation. This means changes to your bill are phased in gradually.
From the 2023 to 2024 tax year, you'll get transitional relief if your:
- property is in England
- rates go up by more than a certain amount
You do not need to apply for this relief. If you're eligible, we will adjust your bill automatically.
How much your bill can change by from one year to the next, depends on:
- your property's rateable value, and
- whether your bill is increasing or decreasing as a result of revaluation
You stop getting 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 |