Skip to main content
Luton Borough Council

Revaluation 2023 and transitional arrangements

 

Image of Town Hall

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

Open all

Transitional arrangements are applied automatically and are shown on the front of your bill.

More information on the 2023 revaluation can be found at the Valuation Office Agency website.

Transitional relief limits how much your bill can change each year as a result of business rates revaluation. The next revaluation will come into effect on 1 April 2023. 

This means changes to your bill are phased in gradually, if you’re eligible. 

From the 2023 to 2024 tax year you’ll get transitional relief if your:

  • property is in England
  • rates go up by more than a certain amount 

Your bill will be automatically changed if you’re eligible. 

How much your bill can change by

How much your bill can change by from one year to the next depends on both:

  • your property’s rateable value
  • whether your bill is increasing or decreasing as a result of revaluation 

You stop getting transitional relief when your bill reaches the full amount set by a revaluation. 

The business rates year is from 1 April to 31 March the following year.

If your bill is increasing from 1 April 2023:

Rateable value: Up to £20,000

  • 2023 to 2024 is 5%
  • 2024 to 2025 is 10% plus inflation
  • 2025 to 2026 is 25% plus inflation

Rateable value: £20,001 to £100,000

  • 2023 to 2024 is 15%
  • 2024 to 2025 is 25% plus inflation
  • 2025 to 2026 is 40% plus inflation 

Rateable value: Over £100,000

  • 2023 to 2024 is 30%
  • 2024 to 2025 is 40% plus inflation
  • 2025 to 2026 is 55% plus inflation

Note : All caps are before other reliefs, supplements and, in years 2 and 3, inflation. Actual bill changes may therefore vary from these percentages. Caps are cumulative year on year e.g. for small properties the total cap over the 3 years before inflation is 44%.

This relief has been applied automatically to your 2023/24 bill if you are a qualifying property.

© 2024 Luton Council, Town Hall, Luton LU1 2BQ