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Business rates

Revaluation and transitional arrangements

The VOA regularly reassess and update the rateable values of all business properties usually every five years. This is called a Revaluation. This is done to maintain fairness in the system by redistributing the total amount payable in business rates, reflecting changes in the property market. Revaluation does not raise extra revenue overall.

From the 1 April 2017, the Valuation Office Agency (VOA) is updating the rateable value of all business properties.

For more information on the 2017 Revaluation, rateable values, and business rates go to www.gov.uk/voa/revaluation.

You can also estimate your business rates bill, including any small business rate relief the local council may apply.

Changes to your bill as a result of other reasons (such as changes to the amount of small business rate relief) are not covered by the transitional arrangements. The transitional arrangements are applied automatically and are shown on the front of your bill.

If you require more information please contact the team by email or on the number above or email us at: businessrates@warrington.gov.uk

Further information is available on the Valuation Office Newsletter

Transitional Arrangements

Property values normally change a good deal between each revaluation. Transitional arrangements help to phase in the effects of these changes by limiting the amount by which a bill may rise following a revaluation.

To help pay for limits on increases in bills after a revaluation, there also have to be limits on reductions in bills. Under the transition scheme, limits continue to apply to yearly increases and decreases until the full amount is due (rateable value times the multiplier).

The scheme applies only to the bill based on a property at the time of the revaluation. If there are any changes to the property after the revaluation date, transitional arrangements will not normally apply to the part of a bill that applies to any increase in rateable value due to those changes.

From April 2017, transitional relief will apply to those who are moving to higher bills.

  • Small property size is a 2017 rateable value of less than £20,000 outside London
  • Medium property size is a 2017 rateable value of less than £100,000
  • Large property size is a 2017 rateable value above £100,000

There are limits on how much your rates can increase or decrease.

Rate Increase Limits

Year

Small Property

Medium Property

Large Property

2017 to 2018

5%

12.5%

42%

2018 to 2019

7.5%

17.5

32%

2019 to 2020

10%

20%

49%

2020 to 2021

15%

25%

16%

2021 to 2022

15%

25%

6%

Rate Decrease Limits

Year

Small Property

Medium Property

Large Property

2017 to 2018

20%

10%

4.1%

2018 to 2019

30%

15%

4.6%

2019 to 2020

35%

20%

5.9%

2020 to 2021

55%

25%

5.8%

2021 to 2022

55%

25%

4.8%

The Council will automatically calculate any transitional arrangement against your Business Rates bill - there is no need to apply for it.