Question to the HM Treasury:
To ask Her Majesty's Government whether the transitional relief arrangements established for the 2017 business rates revaluation will be amended for the coming rate year in order for businesses who have not yet received the full benefits of the reduction in their rateable value at the 2017 revaluation to see their rates bills fall.
The Government has no immediate plans to change transitional relief arrangements. Transitional relief must strike a balance between supporting businesses with both rising and falling bills as a result of the revaluation.
Businesses in downwards transitional arrangements will still have their bills reduced next year at the capped rate in the normal way.
The fundamental review of business rates will consider all parts of the business rates system, including reliefs.