Revaluation 2017 and transitional arrangements
What are transitional arrangements? All rateable values are reassessed every five years at a general revaluation.
Transitional arrangements are applied automatically and are shown on the front of your bill.
Further information about transitional arrangements and other reliefs may be obtained from the business rates section or from the website Business rates relief from GOV.UK
More information on the 2017 revaluation can be found at the Valuation Office Agency website.
Any transitional adjustments affecting what a ratepayer pays are shown on the front of the rates bill.
The basis for calculating transitional arrangements in any year is the amount of business rates payable on a property as at 31 March of the previous financial year, after taking into account the increase in the retail prices index.
The limit by which the business rates for a property may increase or decrease from one year to the next depends on which of the following categories the property falls into:
- large property - rateable value of more than £100,000
- medium property- rateable value of more than £20,000 and less than or equal to £100,000
- small property - rateable value less than or equal to £20,000
For properties facing an increase, the increase will be limited by the following percentages plus an amount for inflation.
The limits set
for increases in business rates are as follows:
| Year | Large More than £100,000 |
Medium More than £20,000 and less than or equal to £100,000 |
Small Less than or equal to £20,000 |
| 2017 / 18 | 42% | 12.5% | 5% |
| 2018 / 19 | 32% | 17.5% | 7.5% |
| 2019 / 20 | 49% | 20% | 10% |
| 2020 / 21 | 16% | 25% | 15% |
| 2021 / 22 | 6% | 25% | 15% |
For properties facing a decrease, the decrease will be limited by the following percentages less an amount for inflation.
The limits set for decreases in business rates are as
follows:
| Year | Large More than £100,000 |
Medium More than £20,000 and less than or equal to £100,000 |
Small Less than or equal to £20,000 |
| 2017 / 18 | 4.1% | 10% | 20% |
| 2018 / 19 | 4.6% | 15% | 30% |
| 2019 / 20 | 5.9% | 20% | 35% |
| 2020 / 21 | 5.8% | 25% | 55% |
| 2021 / 22 | 4.8% | 25% | 55% |
This relief has been applied automatically to your 2017/18 bill if you are a qualifying property.
Our business rates bills were printed before the government announced three further changes to business rates on 8 March at the Spring budget.