Consultation outcome

Business Rates Revaluation 2023: Consultation on the transitional arrangements

Applies to England

This consultation has concluded

Download the full outcome

Detail of outcome

As announced at Autumn Statement 2022, the government will introduce a 3-year Exchequer funded Transitional Relief scheme from 2023 to support ratepayers facing increases in their business rates bill due to the revaluation.

This publication summarises the responses to the consultation on the 2023 Transitional Relief scheme and sets out the government’s response.


Original consultation

Summary

A consultation on the transitional arrangements to be introduced at the 2023 revaluation to ensure changes in bills are gradual and phased in over time.

This consultation ran from
to

Consultation description

Business rates revaluations update rateable values, and therefore, rates bills to reflect changes in the rental market. This helps ensure that shifts in economic activity which have driven changes in market values are fairly reflected in business rates liabilities.

The next revaluation of properties for business rates will take effect from 1 April 2023 based on the rental market at 1 April 2021. The government is required by law to introduce at each revaluation transitional arrangements which we have previously used to support businesses to adjust to their new bills. Therefore, this consultation seeks views on the format of the transitional arrangements for the 2023 revaluation.

Documents

Published 30 May 2022
Last updated 17 November 2022 + show all updates
  1. Added summary of responses and government response.

  2. First published.