The Revaluation Transitional Relief was introduced to protect those most affected and cap rates increases up to the next revaluation due in 2026. Increases in Non-Domestic Rates liabilities following the revaluation are capped at 12.5% (cash terms) in 2023/24 for small properties, 25% for medium properties and 37.5% for large properties rising in subsequent years.
Scottish 2023 Transitional Relief caps (%):
Small (up to £20,000)
Medium (£20,001 to £100,000)
Large (Over £100,000)
Small Business Transitional Relief
Small Business Transitional Relief is available for properties that lose SBBS eligibility. The loss of eligibility will be in a phased manner. For those losing or seeing a reduction in these reliefs (including due to the above exclusions introduced for SBBS relief) from 1 April 2023 the maximum increase in the rates liability relative to 31 March 2023 is capped at £600 in 2023/24, rising to £1,200 in 2024/25 and £1,800 in 2025/26.