Business rates: Transitional Relief

Welsh Government has introduced a scheme to help protect small businesses from the impact of the 2023 revaluation, limiting the increase in the amounts payable. The scheme is designed as follows.

• Any increase in the rates payable up to £300 will receive no transitional relief
• The transitional relief is linked to the account as at 1 April 2023 so any change in liability e.g. a change in occupiers will cease the relief from the date of change

Eligible ratepayers will be entitled to a phased reduction over a two-year period as follows:

• year 1: 67% reduction in 2023-24, and;
• year 2: 34% reduction in 2024-25
• year 3: No reduction in 2025-26

The qualification criteria is as follows:

• the ratepayer must have had an increase in the annual bill greater than £300
• the Property must be occupied on 31 March 2023 and 1 April 2023
• no Transitional Relief is payable on empty properties or partially occupied properties
• any changes in liability such as a property becoming empty or change of occupier will cease the relief

There is no need to apply for this relief as the New Year amount will be automatically calculated. However if you believe you should have qualified but have not received any relief and want us to review your case please contact us at: businessrates@denbighshire.gov.uk 

Transitional relief lasts for 2 years.

More information

Find out more about the Non-Domestic Rates – Transitional Rates Relief for the 2023 Revaluation (external website).