What is Transitional Relief?
After Business Rates were introduced in April 1990, many ratepayers faced large increases in the amount they had to pay, whilst others anticipated much lower bills.
To cushion the blow for businesses facing large increases, the Government introduced laws to limit the amount the business rates could go up. This scheme, known as transitional relief, is financed by also placing limits on the amount that rates can go down.
The phasing scheme starts again with each 5 yearly revaluation. Special rules apply when rateable values change or existing properties are merged or split.
Details about Transitional Relief can be obtained by contacting the Council on 01253 478857. You can also get more information by viewing the
Valuation Office Agency website or the
Department for Communities and Local Government website.