Transitional rate relief reduces the impact of any significant increase in the rateable value of your business following a general revaluation.
About revaluation and the transitional adjustment scheme
Every five years the Valuation Office Agency revalues all non-domestic properties. Further information about can be found on our business rates revaluation page.
Following this revaluation, the Government introduces a 'transitional adjustment scheme' to phase in any large increases or decreases in the rates payable.
We will automatically include the transitional rate relief when we calculate your bill, so there is no need to apply for it.
If the rateable value has gone down, you may have to pay a surcharge.
Further information about can be found on the transitional relief page on the GOV.UK website.