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Information about Business Rates

Revaluation and transitional relief

See the information below to find out about revaluation and transitional relief.

  1. What is revaluation?

    The Valuation Office Agency (VOA) regularly review and update the rateable values of all business properties. This normally takes place every 5 years and is called revaluation.

    This is done to maintain fairness in the system by redistributing the total amount payable in business rates, reflecting changes in the property market. Revaluation does not raise extra revenue overall.

    The VOA last updated the rateable values on 1 April 2017.

  2. What is transitional relief?

    Transitional relief limits how much your bill can change each year as a result of revaluation.

    Property values normally change a good deal between each revaluation. Transitional arrangements help to gradually phase in the effects of these changes by limiting the amount a bill can rise or fall following a revaluation. To help pay for limits on increases in bills, there also have to be limits on reductions in bills.

    The scheme only applies to the bill based on a property at the time of the revaluation. If there are any changes to the property after the revaluation date, transitional arrangements will not normally apply to the part of a bill that relates to any increase in rateable value due to those changes.

    You can find more information on transitional relief and revaluation on the Government website.

  3. What are the limits?

    The transitional limits are the maximum amount that your bill can increase or decrease by in each given year (before inflation and excluding any change of other reliefs).

    It is based on the rateable value change by the Valuation Office Agency (VOA) on 31 March and 1 April of a revaluation year. This is then calculated through each year thereafter using the transitional limits until the full charge is reached.

  4. Will my business get transitional relief?

    All businesses are eligible for transitional relief, as long as your rates go up or down by more than a certain amount.

    We will adjust your bill automatically if you’re eligible.

    Any transitional adjustments will be shown on the front of your bill.

    You may also be entitled to additional relief on top of transitional relief. Visit our Business Rate relief page for more information.

  5. How can I find out more?

    For more information on the 2017 revaluation, rateable values, and business rates visit the Government website.

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