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Business Rate Relief: Transitional Phasing

After each revaluation there is a period of transition.  No bill is allowed to increase or decrease by more than a set percentage.  Any property with a large increase or decrease in its rateable value will come under the transitional relief scheme, which has the effect of phasing the valuation in over a period of time. If transitional relief applies to your rates bill, it will be applied automatically. Further information is available at http://www.mybusinessrates.gov.uk/