If you have seen a large increase in the rateable value of your business premises after a national revaluation, transitional arrangements are in place to help you to adjust to the payments.
It phases in increases or decreases over a five-year period after the revaluation, at a rate decided by the Government.
For a small company facing a big increase or decrease, it could take the full five years for the change to be phased in. A large company with a small increase or decrease might reach the new amount by year two.
Arrangements don't take account of reliefs. The amount you pay could still increase significantly in a revaluation year, if the rateable value of the property has increased to a level that means you can no longer claim a relief you were getting before.
The transitional scheme only applies to the charge based on the property at the time of the revaluation.
You can't get transitional relief for any part of the bill that relates to any increase in rateable value resulting from changes to the property after that time.
If a transitional arrangement applies to your property, your business rates bill will include it.