From the 1 April 2023 the Government have put into place a transitional relief scheme to limit and phase in increases in rate bills as a result of the 2023 revaluation. Transitional relief will continue to apply until your bill reaches the full amount set by revaluation.
If your bill is increasing from 1 April 2023 as a result of revaluation, the increase will be limited to a certain percentage. The amount of this percentage will depend on your rateable value.
Table showing information 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% |
|
£20,001 to £100,000 |
15% |
25% |
40% |
|
Over £100,000 |
30% |
40% |
55% |