How your Business Rates are worked out
Transitional Phasing 2023 Rating List
Transitional Relief limits how much your bill can change each year as a result of a business rates revaluation. The next revaluation will come into effect on 1 April 2023
This means changes to your bill are phased in gradually, if you're eligible.
From the 2023 to 2024 tax year you'll get transitional relief if your:
- property is in England
- rates go up by more than a certain amount
We will adjust your bill automatically if you're eligible.
How much your bill can change by
How much your bill can change by from one year to the next depends on both:
- your property's rateable value
- whether your bill is increasing or decreasing as a result of revaluation
You stop getting transitional relief when your bill reaches the full amount set by a revaluation.
The business rates year is from 1 April to 31 March the following year.
If your bill is increasing from 1 April 2023
| Rateable Value | 2023 to 2024 | 2024 to 2025 | 2025 to 2026 |
|---|---|---|---|
| Up to £20,000 | 5% | 10% | 25% plus inflation |
| £20,001 to £100,000 | 15% | 25% | 40% plus inflation |
| Over £100,000 | 30% | 40% | 55% plus inflation |
If you've received a transitional certificate
The transitional certificate value will be used in the business rates calculation for your property instead of the usual rateable value.
If you disagree with the value of the certificate, contact the Valuation Office Agency (VOA).
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