How your Business Rates are worked out
Transitional Phasing 2017 Rating List
Transitional Relief phases in the effect of any increase or decrease in Rateable Value
If the rateable value of your property changes significantly as a result of the revaluation, the changes in your rates bill will be phased in. We will include any transitional phasing automatically when calculating what business rates you should pay. The amount of relief will be shown on your bill, and will continue to apply each year until the full amount becomes due.
There are limits on how much your rates can increase or decrease.
Transitional relief only applies to the rateable value that was effective from 01 April 2017. If your rateable value is increased with an effective date of after 01 April 2017, the increase in rates will not be subject to transitional phasing and will be payable at the full amount (rateable value multiplied by the rate in the pound).
If your rateable value has increased as a result of the 2017 revaluation, the maximum amount your bill can increase by each year is:
| Year | Small Property RV up to £20,000 | Medium Property RV between £20,001 & £100,000 | Large Property RV more than £100,000 |
|---|---|---|---|
| 2017-2018 | 5% | 12.5% | 42% |
| 2018-2019 | 7.5% | 17.5% | 32% |
| 2019-2020 | 10% | 20% | 49% |
| 2020-2021 | 15% | 25% | 16% |
| 2021-2022 | 15% | 25% | 6% |
If your rateable value has decreased as a result of the 2017 revaluation, the maximum amount your bill can decrease by each year is:
| Year | Small Property RV up to £20,000 | Medium Property RV between £20,001 & £100,000 | Large Property RV more than £100,000 |
|---|---|---|---|
| 2017-2018 | 20% | 10% | 4.1% |
| 2018-2019 | 30% | 15% | 4.6% |
| 2019-2020 | 35% | 20% | 5.9% |
| 2020-2021 | 55% | 25% | 5.8% |
| 2021-2022 | 55% | 25% | 4.8% |
The final figure will be adjusted by the annual rate of inflation.
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