The draft Transitional Relief Regulations for England have now been laid before Parliament under ‘The Non-Domestic Rating (Chargeable Amounts) (England) Regulations 2022’ which can be found here https://www.legislation.gov.uk/ukdsi/2022/9780348241488
Finally Transitional Relief can accurately referred to as such after many years of inaccurate reference by many as ‘Transitional Relief’ as opposed to ‘Transitional Arrangements’ ignoring the existence of downwards phasing(Transitional Surcharge).
As announced previously the scheme for the 2023 Rating List in England will see the scrapping of downwards phasing which was a decision welcomed by many in particular those within the retail sector whom have seen significant decreases in the Rateable Values within the draft list publication. Unlike previous schemes which were self-funding with those receiving relief being funded by those paying a surcharge, this scheme will be funded by the Government which whilst welcomed by many, did come as a pleasant surprise.
The caps on increases can be seen below and there is also confirmation within the draft regulations that there will be no inflationary factor to be used for calculations for 2023-2024.
| Rateable Value | 2023 – 2024 | 2024 – 2025 | 2025 – 2026 |
| Small (RV up to £20,000 or £28,000 in London) | 5% | 10% | 25% |
| Medium (RV between £28,001 to £100,000) | 15% | 25% | 40% |
| Large (RV £100,001 upwards) | 30% | 40% | 55% |