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Luton Borough Council

Revaluation 2017 and transitional arrangements

What are transitional arrangements? All rateable values are reassessed every five years at a general revaluation.

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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.

© 2020 Luton Council, Town Hall, Luton LU1 2BQ