Revaluations and transitional relief scheme

The Valuation Office Agency (VOA) regularly reassess and update the rateable values of all business properties. This is called a revaluation.

Transitional relief 2017

The Valuation Office Agency revalued properties for 2017. As a result, the amount of business rates you need to pay may change.

Transitional relief schemes limit the effect of the changes, so that both increases and decreases to bills will be brought in gradually, over as many as 5 years.

The transition scheme only applies to the bill for properties present in the rating list on 1 April 2017.

We apply the transition relief automatically if you’re eligible - you do not need to apply - and the relief will be on your bill.

You can find more information in our explanatory notes document (pdf)

Extension

At the budget on 27 October 2021 the government announced that it would extend the current transitional relief scheme and the supporting small business scheme for one year to the end of the current revaluation cycle.

The scheme will restrict increases in bills to 15% for businesses with small properties (up to and including £20,000 rateable value) and 25% for medium properties (up to and including £100,000 rateable value).

You can find more information in our Transitional Relief and Supporting Small Business Rates Relief policy (pdf)

Rate increase limits

Table
Rate increase limits
Rateable value 2017 to 2018 2018 to 2019 2019 to 2020 2020 to 2021 2021 to 2022 2022 to 2023
Up to £20,000 5.0% 7.5% 10.0% 15.0% 15.0% 15.0%
£20,001 to £100,000 12.5% 17.5% 20.0% 25.0% 25.0% 25.0%
Over £100,000 42.0% 32.0% 49.0% 16.0% 6.0% n/a

After the limits have been applied, your bill will still increase in line with inflation.

Rate decrease limits

Table
Rate decrease limits
Rateable value 2017 to 2018 2018 to 2019 2019 to 2020 2020 to 2021 2021 to 2022
Up to £20,000 20.0% 30.0% 35.0% 55.0% 55.0%
£20,001 to £100,000 10.0% 15.0% 20.0% 25.0% 25.0%
Over £100,000 4.1% 4.6% 5.9% 5.8% 4.8%

After your bill has been reduced by these limits, your bill will still increase in line with inflation.