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Business rates Revaluation 2017

All rateable values are reassessed at a general revaluation. The 2017 revaluation took effect from 1 April 2017. Revaluations make sure each ratepayer pays their fair contribution and no more, by ensuring that the share of the national rates bill paid by any one ratepayer reflects changes over time in the value of their property relative to others. Revaluation does not raise extra money for the Government.

Revaluation transitional relief scheme

After a property is revalued there is a period of transition. No bill is allowed to go up or down by more than a set percentage.

For those that would otherwise see significant increases in their rates liability, the Government has put in place a £3.6 billion transitional relief scheme to limit and phase in changes in rates bill as a result of the 2017 revaluation. Under the transitional scheme, limits continue to apply to yearly increases and decreases until the full amount is due (rateable value times the appropriate multiplier). The scheme applies only to the bill based on a property at the time of the revaluation. If there are any changes to the property after 1 April 2017, transitional arrangements will not normally apply to the part of a bill that relates to any increase in rateable value due to those changes. Changes to your bill as a result of other reasons (such as changes to the amount of small business rate relief) are not covered by transitional arrangements. 

If transitional relief applies to you, it will be applied automatically and will be shown on the front of your bill.

For those that would otherwise see significant increases in their rates liability, the Government has put in place a £3.6 billion transitional relief scheme to limit and phase in changes in rate bills as a result of the 2017 revaluation. To help pay for the limits on increases in bills, there also have to be limits on reductions. 

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

Bills can only go up in 2017 to 2018 by a maximum percentage, depending on the new rateable value, set by the Government as follows:

New rateable value Maximum increase in bill
Up to £20,000 5% plus inflation
£20,001 to £100,000 12.5% plus inflation
Over £100,000 42% plus inflation

Bills can only fall in 2017 to 2018 by a maximum percentage, depending on the new rateable value, set by the Government as follows:

New rateable value Maximum decrease in bill
Up to £20,000 20% plus inflation
£20,001 to £100,000 10% plus inflation
Over £100,000 4.1% plus inflation

Under the transitional scheme, limits continue to apply to yearly increases and decreases until the full amount is due (rateable value times the appropriate multiplier). The scheme applies only to the bill based on a property at the time of revaluation. If there are any changes to the property after 1 April 2017, transitional arrangements will not normally apply to the part of a bill that relates to an increase in rateable value due to those changes. Changes to your bill as a result of other reasons (such as changes to the amount of small business rate relief) are not covered by the transitional arrangements.

Government advice on transitional arrangements and other reliefs

2017 revaluation

Revaluation 2017 discrectionary business rate relief scheme

The Revaluation 2017 Discretionary Business Rate Relief Scheme has been created to deliver relief to ratepayers who have experience large increases in bills following the 2017 Revaluation.

Revaluation 2017 discretionary business rate relief scheme (PDF/120KB/6 pages)

If you were adversely affected by the increase in the 2017 Revaluation and you meet the qualifying criteria of our scheme, please complete and return the 2017 Revaluation discretionary rate relief application form (PDF/89KB/3 pages)