Skip to site navigation
Site information
Contact us
Site map
Help
Accessibility
Accessibility Options
Font size
Small font size
A
Medium font size
A
Large font size
A
Colour scheme
Standard
High contrast
Blue
Limits on bill increases or decreases
Search
Home
Business
Business rates
Limits on bill increases or decreases
Property values normally change a good deal between each revaluation. Measures called 'transitional arrangements' help to soften the effects of these changes. They do this by limiting the amount by which a rates bill may rise, or fall, immediately following a revaluation.
Transitional arrangements are based on the change in your rates bill from 2004/05 to your new rates bill in 2005/06. Transitional relief will be automatically calculated by us, and included in your bills from 2005/06 onwards.
The current transitional scheme operates over a four-year period. Every ratepayer will pay their 'true' rates bill in the fifth year. Many will pay it well before this.
Different transitional arrangements will apply, depending on whether your bill has increased or decreased, and whether your business is classed as small (properties with a total rateable value of under £21,500) or large.
If your bill increases …
This table shows the maximum by which a rates bill can increase in a single year.
Year
Small business
Large business
2005/06
5%
12.5%
2006/07
7.5%
17.5%
2007/08
10%
20%
2008/09
15%
25%
2009/10
na
na
If your bill decreases …
This table shows the limits by which a rates bill can decrease in a single year.
Year
Small businesses
Large businesses
2005/06
30%
12.5%
2006/07
30%
12.5%
2007/08
35%
14%
2008/09
60%
25%
2009/10
na
na
More information
You can see more information about transitional arrangements at
mybusinessrates.gov.uk
.
A to Z of Services
A
B
C
D
E
F
G
H
I
J
K
L
M
N
O
P
Q
R
S
T
U
V
W
X
Y
Z
View full A to Z of Services
Business
Who has to pay?
What if I have problems paying?
How much do I have to pay?
How to pay
Exemptions
Moving in/out of your premises
Limits on bill increases or decreases
Empty property rates relief
Small business rate relief
Valuation appeals
Other rate relief
Contact us
About Greenwich
Contact information
email
020 8921 5221
More..
Useful links
Valuation Office Agency
My business rates
Greater London Authority
Metropolitan Police
London Chamber of Commerce and Industry
Business waste
Greenwich Business Support Service