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Business rates discounts and reliefs

Transitional relief 2023 to 2026

In the past when a revaluation has meant a significant increase or decrease in the rateable value, the change is phased in. This is to mitigate the financial impact of a change in rateable value as a result of the revaluation. This is known as upwards transition and downwards transition.

From 1 April 2023, there is only support available for upwards transition. That is if your property’s rateable value increases significantly, the increase will be phased in gradually, so the full financial impact is not immediate. There is no longer downward transition support, which means if the rateable value decreases significantly your business will reap the full benefit immediately.

Under the 2023 to 2026 Transitional relief scheme the following limits have been applied to yearly increases until the full amount is due. We will automatically adjust your bill if deemed eligible.

If your bill is increasing from 1 April 2023

Rateable value Property size 2023 to 2024 2024 to 2025 2025 to 2026
RV up to £20,000 Small 5% 10% plus inflation 25% plus inflation
RV between £20,001 to £100,000 Medium 15% 25% plus inflation 40% plus inflation
RV over £100,000 Large 30% 40% plus inflation 55% plus inflation