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Transitional Relief from April 2023

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% plus inflation 25% plus inflation
£20,001 to £100,000 15% 25% plus inflation 40% plus inflation
Over £100,000 30% 40% plus inflation 55% plus inflation

Further information about Business Rates Revaluation 2023 is available at GOV.UK

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