Transitional Relief

Many ratepayers will see a change in their rates bills following a revaluation. The latest revaluation came into effect on 1 April 2023 with Rateable Values broadly representing the yearly rent the property could have been let for on the open market on a particular date specified in legislation. For the current 2023 rating list, this date was set as 1 April 2021. 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. 

If your bill increased from 1 April 2023

Rateable value 2023 to 2024 2024 to 2025 2025 to 2026
Up to £20,000 (£28,000 in London) 5% 10% plus inflation 25% plus inflation
£20,001 (£28,001 in London) to £100,000 15% 25% plus inflation 40% plus inflation
Over £100,000 30% 40% plus inflation 55% plus inflation

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.