Apply for business rates reduction and relief

All rateable values for business rates were reassessed in the 2023 revaluation, effective from 1 April 2023.

Revaluations take place so that the value attached to your business property more accurately reflects the current market value. Revaluations are not designed to raise extra money for the government.

There are relief schemes to lessen the impact of rate rises from the revaluation.

Transitional relief

Transitional relief limits how much your bill can change each year because of the business rates revaluation.

You’ll get transitional relief if your rates go up by more than a certain amount. You will not get transitional relief if your rates go down. This is so you get the benefit of a reduction in rates faster.

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

Read more about transitional relief on GOV.UK.

Supporting small businesses relief

You can get Supporting small business relief if your rates went up because of the 2023 revaluation and you lost some or all of your small business rate relief.

If you’re eligible, your bills will go up by no more than £600 per year for each year of the 2023 list.

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

The relief will continue if the ratepayer changes but not if the property becomes unoccupied or is occupied by a charity or community amateur sports club.

Any supporting small businesses relief is likely to count as a subsidy and needs to follow subsidy control rules. 

Let us know if you think your business might breach this limit.