Business rates are charged on non-domestic properties. The rateable value of non-domestic properties is revalued from 1 April 2023 to reflect the April 2021 value.
Transitional relief is available to limit the amount by which bills can increase each year. This has the effect of phasing in higher bills.
The cap depends on the rateable value of the property, and also whether the property is in London.
Where transitional relief is available, it is given automatically by the council.