Many ratepayers will see a change in their rates bills following a revaluation. The next revaluation will be April 2023, with the property value based on data from 1 April 2021 (taking into account the impact of COVID-19 on the commercial rent market). Some properties will see more significant changes than others. Transitional arrangements are used to phase in these changes, and ratepayers will see their bill capped each year at a set percentage increase due to the revaluation.
As of 2023, transitional arrangements have changed from the previous 2017 scheme, with transitional premium no longer affecting ratepayers with decreased rateable values.
For more information please go to GOV.UK - Transitional Relief or contact us.