Transitional arrangements - business rates
Business rate fact sheet
Rateable values are reassessed every five years at a general revaluation and usually change quite a bit. The aim of the transitional relief scheme is to phase in the increases and decreases affecting rate bills as a result of a revaluation. The most recent is the April 2010 revaluation(pdf) on which the current rating list is based.
The 2010 revaluation will not increase the amount of rates collected nationally. The phasing in of increases for some is paid for by the phasing in of reductions for others.
Under the transition scheme, limits continue to apply to yearly increases and decreases until the full amount is due (rateable value x the appropriate multiplier). The scheme applies only to the bill based on a property at the time of the revaluation. If there are changes to the property after 1 April 2010, transitional arrangements will not normally apply to any increase due to those changes. Changes as a result of small business rate relief or other changes are not covered by the transitional arrangements.
Transitional relief is granted automatically and will be shown on your bill.
Further source of information:
Ways to contact us about business rates
Page last updated: 08/05/2012
