Revaluations are carried out every three years in England and Wales to reflect changes in the property market. The most recent revaluation takes effect from 1st April 2026.

Transitional relief limits how much your bill can change as a result of a business rates revaluation. This depends on your rateable value and whether your bill is increasing or decreasing. Transitional relief stops when you reach the full amount set by the revaluation.

The limits set for the April 2026 revaluation are as follows: 

 

Rateable value

2026 to 2027

2027 to 2028

2028 to 2029

Up to £20,000 (£28,000 in London)

5%

10% plus inflation

25% plus inflation

£20,001 (£28,001 in London) to £100,000

15%

25% plus inflation

40% plus inflation

Over £100,000

30%

25% plus inflation

25% plus inflation

Transitional Relief Supplement: 

If you do not qualify for transitional relief and Supporting Small Business Relief, you will be subject to a 1p supplement. This is to partially fund transitional relief.