Business rates relief
How does business rates transitional relief affect my business rates?
Business rates transitional relief, which only applies in England, is designed to reduce the impact of any significant changes in the rateable value of commercial property. Local councils will automatically include transitional relief when they calculate business rates bills.
Transitional relief limits the percentage your business rates bill can be increased (or decreased) each year following revaluation. The transitional relief will apply to the business rates calculation each year until it reaches what your full business rates bill would have been in 2010.
Small business rates relief
The Government introduced a temporary increase in the level of small business rate relief, so that eligible small businesses occupying properties with rateable values up to £6,000 would pay no business rates for one year from October 2010. In addition, small businesses benefiting from rate relief taper (rateable values up to £12,000) would receive significant reductions.
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