Transitional relief for the 2023 revaluation
If your rateable value has increased due to the 1 April 2023 revaluation, you will automatically be awarded transitional relief if your NDR (non-domestic rates) liability has increased by more than £300.
This has been phased over two years. An eligible ratepayer will pay 33% of their additional liability in the first year (2023-24) and 66% in the second year (2024-25), before reaching their full liability in the third year (2025-26).
An eligible ratepayer must have been liable for NDR in respect of the property on 31 March 2023, as well as from 1 April 2023, to be entitled to the relief.
Further details can be found at: Non-Domestic Rates - Transitional Rates Relief for the 2023 Revaluation (Business Wales) (opens new window)
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